Lowest workers’ compensation rates providing stability for Queensland employers


Industrial Relations Minister Grace Grace has today announced that WorkCover Queensland will maintain its current premium rate for another 12 months, the sixth straight year that the rate has remained the same.

Ms Grace said Queensland had the lowest average premium rate of any state or territory workers’ compensation scheme in Australia.

“The Palaszczuk Government backs Queensland businesses 100 per cent,” Ms Grace said.

“Maintaining the WorkCover premium at the same low rate, $1.20 per $100 of wages, for six years provides much needed savings as well as stability for employers in their business planning.”

Ms Grace said WorkCover would also continue to provide discounts for employing apprentices and for early payment of insurance premiums, offering employers further savings.

“Since 2017, around 10,000 employers have shared in more than $36 million in savings because apprentice wages have been removed from premium calculations,” she said.

“This year alone 10,720 employers who has taken on at least one apprentice had saved $18.7 million in premiums.

“Employers paying their premiums early will continue to be eligible for another five per cent discount, which has saved business owners more than $39 million since 2017 when the discount rate increased from three per cent.

“This discount will continue for any business which pays its annual premium in full before 16 September.”

Around 65,000 employers took advantage of this in 2018-19.

Ms Grace said Queensland had Australia’s most efficient workers’ compensation scheme.

“WorkCover Queensland continues to deliver a strong, stable, fully-funded workers’ compensation scheme delivering improved savings for employers and enhanced benefits for injured workers and their families,” Ms Grace said.

“Of all centrally funded schemes, Safe Work Australia reports the Queensland has the highest proportion of total expenditure paid directly to or for our injured workers, and the lowest proportion going to administrative costs.

“WorkCover is also investing in research and partnerships to improve return to work and rehabilitation support. This includes vitally important research for workers affected by silicosis and other dust diseases.

“With WorkCover’s support, the Palaszczuk Government has taken a leading role in responding to the emergence of silicosis in Queensland.

“Our proactive health screening program for workers in the engineered stone benchtop industry has been crucial to diagnosing this disease and then connecting workers with the support they and their families need.

For more information on Queensland’s workers’ compensation scheme, visit worksafe.qld.gov.au/

Minister for Education and Minister for Industrial Relations
The Honourable Grace Grace

Business Business & Economy Employment & Training Law & Safety Money & Finance Political Queensland Government

Queensland Government : Employment and Industrial Relations :
Queensland Wide
13 74 68
Queensland Government : Employment and Industrial Relations
Showing 4 recent articles for this business
New president appointed to QIRC and Industrial Court of QLD 08 May 2020 | Ms Grace said the Governor in Council had approved the appointment of Supreme Court Judge, the Honourable Peter Davis on 7 May. More information...
Statement on Coroner’s findings into Dreamworld tragedy 24 February 2020 | The Queensland Government accepts the coroner’s findings. More information...
Christmas Eve part-day public holiday becomes a reality 28 November 2019 | The Palaszczuk Government has passed legislation to establish a part-day public holiday on Christmas Eve, starting this year. More information...
Asbestos: tough action to continue 27 November 2019 | The Palaszczuk Government has vowed to continue to raise awareness around asbestos safety.   More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service