The festive season is notorious for weight gain. The typical Australian Christmas is often centred around family, friends, eating & drinking. For many of us overindulging goes mostly unnoticed as we are busy socialising with family & friends.
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December is a critical month for businesses, especially in New South Wales, as many insurance policies and compliance obligations fall due. With icare’s automatic renewal process in place, employers must stay proactive to avoid costly errors and ensure their workers’ compensation policies remain accurate.
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As we saw in late 2018 the NSW Government introduced a number of changes to the NSW workers compensation system, the next phase of these changes relates to simplifying the calculation of a workers Pre-Injury Average Weekly Earnings (PIAWE).
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The NSW workers compensation scheme and nominal insurer (icare) have come under fire from an industry expert. icare insures 3.6 million employees and collects over $2 billion in premiums p.a. According to former principal actuarial adviser, the NSW scheme is in jeopardy.
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A carpenter who was found to have forged medical certificates in order to continue to receive payments under his workers compensation claim, has been gaoled for 9 months. The court also has ordered him to re-pay $112,975 in fruadlent payments received under the claim.
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Workers compensation is typically one of the largest costs for a business. If not actively monitored/managed your premium can increase quickly. Embedding HR, WHS & staff well-being strategies in your workplace can help ensure affordable premiums.
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