Small Employer Reforms | Cutting Red Tape
For small employer with premiums between $10,001 & $30,000, Barry O’Farrell announced reforms to provide an opportunity for these businesses to reduce costs and achieve more stable premiums. The reforms include receiving an Employer Safety Incentive (ESI) and Return to Work Incentive (RTWI) based on achieving certain criteria, boosting early payment incentives, removing claims experience impacts and reducing the amount of red tape.
Should a claim occur and the employer can return the injured worker within 13 weeks they will be eligible to keep their 10% discount. Businesses demonstrating improved safety and claims experience from 30 June 2013, will receive an average rate reduction of 7.5% thanks to the changes NSW Premier Barry O’Farrell announced this week.
Download the Small Business Reforms media release here