The Victorian scheme remains stable in the absence of any major legislative changes. The average workers’ compensation Premium Rate for 2017/18 is 1.272% of the State’s rateable remuneration and is consistent with the average rate for the past three years for Victoria.

Overview

  • Claims Experience Period – The claims experience period for the 2018-19 policy year (the claims that impact employers’ workers’ compensation premiums) are standard claims received between 1 January 2015 to 30 June 2017.
  • Risk Management Funding – WorkSafe has ‘tightened the belt’ with regards to an Agents’ ability to offer risk management funding (‘RMF’).
  • WorkSafe 2030 Strategy – WorkSafe Victoria recently released a publication regarding their long-term strategy ‘WorkSafe 2030’.
  • Update on ISO 45001 – Occupational health and safety management systems – requirements with guidance for use, has now been adopted in Australia which sees AS/NZS 4801 being replaced in it’s entirety.
  • Self Insurance – WorkSafe granted a self-insurance licence in December 2018 for an Aged Care provider for a three year period.

Download the update to learn more.

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Marc Esmaquel

Marc Esmaquel  

Client Manager – Workplace Risk
Contact Marc