For a while now there has been a raging debate of the benefits of public versus privatisation of NSW Workers Compensation. NSW Premier, Mr Barry O’Farrell, has driven dramatic changes to NSW workers compensation over the last 18 months with businesses being the main beneficiaries. More recently, Prime Minster Tony Abbott, announced repeals allowing national businesses to self-insure via Comcare and consequently there is a renewed push for the privatisation of NSW Workers Compensation.
Insurers, insurance brokers and businesses alike could benefit from a push to privatise NSW workers compensation. But who would benefit most?
The article below is the latest in covering the push for the privatisation of NSW workers compensation and we encourage brokers, insurers and businesses to read. As always if you would like to discuss, please contact us.
Source: InsuranceNews.com.au
Title: Call to put NSW WorkCover in private hands
Read Time: 1 minute