In November 2023, the Minns Government launched an operational review into icare to cut excessive spending, waste and salary costs. NSW State Workers Compensation nominal insurer icare has initiated discussions with union representatives and staff regarding proposed structural changes that could lead to a workforce reduction and savings of approximately $23 million annually.
(more…)
Successfully managing the key stakeholders involved in a workplace injury and resulting workers compensation claim, can be frustrating and time-consuming. The key stakeholders each play an important role in facilitating an injured employee’s return to work. So who are the key stakeholders involved in a workers compensation claim?
(more…)
Businesses with Workers Compensation insurance must declare the amount of wages they actually paid within the policy year. Businesses must submit their Actual Wage Declaration at the end of their workers compensation insurance policy period. Your Adjustment Premium will be recalculated to help ensure each business pays the correct premium and contributes equitably to the scheme. Our Declaring wages guide & support can help make this process easier.
(more…)
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…)
With ongoing pressure across all Australian jurisdictions, Victoria’s WorkCover scheme has recently been updated under the Scheme Modernisation Act, effective from 31 March 2024. The key changes include new eligibility criteria for mental injury claims, an additional requirement for receiving weekly payments beyond 130 weeks as well as other changes.
(more…)
The Workers Compensation and Injury Management Bill 2023 is a complete rewrite of the Western Australian workers compensation legislation. Modernising WA’s Workers Compensation Laws via the new Act is the culmination of an extensive review and consultation process. The commencement date for the new Act is 1 July 2024.
(more…)