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WA workers’ comp scheme cuts rates

WorkCover WA has reduced its recommended premium rates for 2013/14 due to continued wages growth in the state.

The rate is now 1.668% of total wages, down slightly from 1.691% last year.

The positive impact of wages growth has been offset by more claims and associated costs and lower real rates of return for approved insurers, Chairman Greg Joyce says.

Last month WorkCover SA froze its 2013/14 average premium rate at 2.75% for the third year running.