Table 8.6: Selected industry premium rates as at 31 December 2023 (% of payroll) Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:17 NSW 1 Vic 2 Qld 3 WA 4 SA 5 Tas New Zealand 6 Average levy/premium rate 1.30 1.272 1.29 …
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Table 8.5: Standardised average premium rates 2017-18 to 2021-22 (% of payroll) Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:14 NSW Vic Qld WA SA Tas NT ACT* C’wealth Comcare C’wealth Seacare New Zealand 2017-18 1.37 …
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Premiums Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:13 Employers, other than self-insurers, must pay workers’ compensation premiums to cover their workers in the event of a work-related injury or illness. Most employers …
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Table 8.4: Schemes’ funding positions as at 30 June 2023 and 30 June 2022 Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:10 30 June 2023 30 June 2022 NSW 1 Assets: $20,285m Liabilities: $22,070m Funding Ratio: 92% Assets: …
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Scheme funding arrangements Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:08 All workers’ compensation schemes collect funds to meet liabilities and administer the scheme. There are 2 different types of scheme funding: …
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Table 8.3g: Minor schemes — New Zealand Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:07 Administered by Purpose Coverage Number covered Basis for legislation Tuberculosis Act 1948 Ministry of Health Make better …
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Table 8.3f: Minor schemes — Commonwealth Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:06 Administered by Purpose Coverage Number covered Basis for legislation Administrative scheme for the purposes of compensating …
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Table 8.3e: Minor schemes — Tasmania Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:05 Administered by Purpose Coverage Number covered Basis for legislation Asbestos-Related Diseases (Occupational Exposure) Compensation …
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Table 8.3d: Minor schemes — South Australia Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:04 Administered by Purpose Coverage Number covered Basis for legislation Statutory reserve fund (clause 61 of schedule 9 of the …
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Table 8.3c: Minor schemes — Western Australia Member for 3 years 9 months Submitted by Anna Richardson on Fri, 2024-05-24 11:03 Administered by Purpose Coverage Number covered Basis for legislation Waterfront Workers (Compensation for Asbestos Related …