Our latest report shows that the standardised average workers’ compensation premium rate has fallen 13 per cent since 2011-12.
The Comparative Performance Monitoring Report (CPM) 19th Edition Part 3 – Premium, Entitlements and Scheme Performance compares workers’ compensation premiums, entitlements and scheme performance across Australia and New Zealand.
Key findings from the report include:
- The standardised average workers’ compensation premium rate has fallen 13 per cent since 2011-12.
- The Agriculture, forestry and fishing industry had the highest premium rate, while the Finance and insurance industry had the lowest premium rate.
- Australian workers’ compensation schemes made a total of $8.253 billion in payments, of which 54 per cent was paid directly to the claimant.
- The claim disputation rate in Australia has increased by 20 per cent since 2011-12.
Find out more in CPM Part 3 which is now available on our website.
Safe Work Australia compiles the CPM annually to analyse the performance of jurisdictions across Australia and New Zealand.
Click here to read the full report: https://www.safeworkaustralia.gov.au/doc/comparative-performance-monitoring-report-19th-edition-part-3