Appendix 1 – Jurisdictional contacts Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 11:32 Contact Position Phone No. Email Postal Address Website NSW Darren Parker Executive Director, Workers Home Building Compensation …
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Table 8.8: Direct compensation payments Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 11:26 Table 8.8 shows the distribution of direct payments into weekly benefits and lump sums. The payment of long-term weekly benefits …
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Table 8.7: Scheme expenditure Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 11:22 Table 8.7 shows the amount and proportion of total scheme expenditure paid out to injured workers, plus administrative costs, for the period …
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Calculation of industry rates Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 11:20 Each jurisdiction calculates its industry rates differently. Some calculate certain claims performance elements, while some other jurisdictions …
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Premium setting: Notes relating to the industry rates comparison table Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 11:19 As it is difficult to make exact comparisons between the states and territories, the following …
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Table 8.6: Selected industry premium rates as at 31 December 2023 (% of payroll) Member for 4 years 1 month 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 4 years 1 month 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 4 years 1 month 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 4 years 1 month 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 4 years 1 month 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: …