Declaring Wages Guide & Support

Declaring Wages Guide & Support

Businesses with workers compensation insurance must declare the actual wages paid during their policy period. This declaration is essential for calculating your Adjusted Premium, which ensures you pay the correct amount and contribute fairly to the scheme.

ABILITY GROUP’s Declaring Wages Guide & Support is designed to help businesses navigate this process with confidence. Whether you’re a small business owner or managing a large workforce, understanding wage declarations is key to staying compliant and managing costs effectively.

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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.

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