Queensland holds WorkCover rate
WorkCover Queensland has frozen its average premium rate at 1.45% of wages for the next financial year.
It reflects steady claim numbers and “good management and investment performance”, according to Chairman Glenn Ferguson.
More than half of industry rates have dropped, but others will increase because of higher claims costs.
“More focus is needed on injury prevention and management, as well as return to work in these industries, and we are working with employers to improve their performance,” Mr Ferguson said.
Queensland’s average premium is the second-lowest in Australia. Other rates for next financial year include 2.75% of wages in SA, 1.55% in NSW, and 1.668% in WA.