Why Workers Compensation Premiums Increase

Why Workers Compensation Premiums Increase

Each Australian States & Territory have different workers’ compensation legislation & consequently, the method (or formula) used to calculate a workers’ compensation premium. Workers’ compensation insurance premiums are typically based on the business industry, annual wages & a range of other factors that could include claims frequency/costs, underwriting decisions, and various adjustments. The reason why a workers’ compensation premium increases, therefore, depends on a variety of factors.

(more…)
2025/26 Premium Increases

2025/26 Premium Increases

As we enter the 2025/26 financial year, businesses across Australia will face a mixed bag of changes to 2025/26 workers compensation premium increases. At ABILITY GROUP, we’re committed to helping employers navigate workers compensation-related matters with clarity and confidence. Here’s a state/territory breakdown of what’s changing and what it means for your 2025/26 workers compensation premiums.

(more…)
SIRA Recovers $10M

SIRA Recovers $10M

In NSW the State Insurance Regulatory Authority (SIRA) has recovered $10M in underpaid premiums. SIRA identified 81 employers suspected of being underinsured for workers compensation, primarily due to under-declaring wages. This was achieved through direct employer engagement and predictive data modelling. Following our Wage Declarations & Adjusted Premiums article last month, SIRA’s actions act as a timely reminder for all Australian businesses to ensure they provide accurate actual wage declarations to avoid fines/penalties or interest.

(more…)
Wage Declarations & Adjusted Premiums

Wage Declarations & Adjusted Premiums

Timely submission of a business’ actual wage declarations is an essential step in processing their workers compensation premium adjustment. In discussions with underwriters recently we have noted a heightened focus for insurers to obtain Actual Wage Declarations before the due date. Understanding wage declarations & adjusted premiums is important for businesses needing to successfully manage cash flow, profitability & other aspects.

(more…)
Annual Leave & Workers Compensation Claims

Annual Leave & Workers Compensation Claims

Workers compensation & annual leave entitlements are key components of employment law, ensuring that employees are protected & supported in the workplace. Each state/territory has specific workers compensation regulations with a common goal of providing financial support for injured & ill workers. So what happens with some types of Annual Leave & Workers Compensation Claims?

(more…)