NSW Workers Compensation Reforms

NSW Workers Compensation Reforms

In July 2024, ABILITY GROUP Owners met with the Honorable Minister Sohie Cotsis. In advocating for clients, we identified the key workers compensation issues faced by NSW businesses & urgent need for NSW workers compensation reforms. During our meeting, we stressed the necessity of making changes to address the escalating frequency & severity (cost) of psychological claims. We are therefore pleased the NSW government has unveiled its intention to make groundbreaking reforms to address the escalating prevalence of workplace psychological injuries, marking a pivotal shift in how mental health challenges in the workplace are to be tackled.

(more…)
NSW Premiums Increase by 8% Maximum

NSW Premiums Increase by 8% Maximum

icare confirmed today that NSW workers compensation premiums will increase by the maximum allowed. This represents an average of 8% as previously communicated. Businesses already facing higher costs will be required to manage workplace injuries, workers compensation claims and related matters much more closely or face significantly higher premiums in subsequent years.

(more…)