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Victorian Employers with Small Claim Costs Set to Reap Benefits from 2023-24 Industry Rate Surge?

The policy period for 2023-24 is characterised by uncertainty due to changes in the methodology used to calculate premiums. These changes will have an impact on the premium calculation, necessitating the implementation of special rules to mitigate the effects of these changes. Employers who have WorkCover claims that are sensitive to premium costs for the 2023-24 policy period, particularly those […]

2023/24 New Gazette Rules: 75% Capping and 1.8% Industry Rate – How Will Your Premium Be Affected?

WorkSafe has recently released the 2023/24 Victorian Government Gazette for Premiums Order and Gazette rates. You can download a copy of the Premiums Order (No.31) and the Gazette rates below. Premiums Order: 2023/24 WorkCover Premiums Order (No. 31) Victoria Government Gazette Rates: Gazette Rates (2023) The Premiums Order (No. 31) is applicable to WorkCover insurance premiums for the 2023–24 years. It outlines […]