An important new Workers Compensation Regulation Amendment commenced on 23 October 2020. COVID-19 Weekly Payment Compensation clarifies how workers earnings are treated in calculating a weekly payments & Pre-Injury Average Weekly Earnings associated with JobKeeper payments & other COVID-19 impacts.
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Following recent NSW parliamentary inquiries, State Insurance Regulatory Authority (SIRA) & media scrutiny, the NSW workers compensation insurer has confirmed they have changed the methodology icare utilised to report Return to Work (RTW) rates. The new methodology has shown plateauing effects impacted by COVID-19.
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Many businesses are unsure what to do when they have an employee with a non-work related injury. Common questions that arise include; As an employer, what is my role? Can the injury become a workers compensation claim? Where can I get help?
Despite ongoing COVID-19 impacts, NSW workers compensation continues to be front page news. NSW Parliamentary Inquiries forced icare, SIRA, EML & the icare Board to participate. icare CEO John Nagle subsequently resigned following revelations his wife was paid $800K over a 3 year period, resulting in Group Executive Don Ferguson has been appointed as interim icare CEO. NSW Treasurer Dominic Perrottet survived a no confidence motion by a single casting vote. Mr Perrottet subsequently apologised to workers let down by scandal-ridden insurer icare as he conceded there were serious issues that needed to be addressed inside the agency
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Workplace injuries can have dramatic business impacts. Current legislation means the effective management of workers compensation claims is essential in minimising increases to your workers insurance premiums as well as reducing other business impacts.
Late last night (Monday 4th August 2020) following a sensational upper house NSW Parliamentary Inquiry, icare CEO John Nagle has resigned and has had his bonus stripped.
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