With the ongoing COVID pandemic & restrictions imposed, many employers have had no choice but to stand down employees, reduce hours or accessing government aid schemes such as job keeper. icare has consequently updated it Wages Definition manual to assist businesses.
Due to the changes in the restrictions & the extension of the lockdown in NSW, it is important that employers ensure that they up to date with the current policies made by Icare such as the Wages Definition Manual 2021.
This updated Manual aims to help ensure there is a consistent approach to the declaration of remuneration. Consistency ensures Icare-covered employers pay the correct workers’ compensation premium
This has created confusion in terms of what should be considered and declared as rateable remuneration for workers compensation purposes.
ICare updated the Wages Definition Manual to guide employers on wage declarations for premium calculations.
The updated document can be sourced from icare or for your ease of reference, the link below.
Contact us for help with completing or submitting Actual Wages Declarations.
Source: icare
Title: Wages Definition Manual 2021
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