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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Employers with icare Workers Compensation policies must report changes, especially wage declarations, on time to remain compliant. Failure to do so can trigger audits, penalties, or prosecution.
At ABILITY GROUP, we understand that managing workers compensation policies can be complex. One of the most important responsibilities for employers is icare changes reporting. Keeping your policy details accurate ensures compliance, fair premiums, and protection for both your business and employees.
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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?
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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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Effective claim management is critical for organisations seeking to reduce costs, improve employee satisfaction, and maintain compliance. For businesses across Australia, managing workers’ compensation and injury claims efficiently can make a significant difference to both financial outcomes and workplace culture.
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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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