NSW Workcover Reforms Backed By Businesses
NSW’s leading business organisation, NSW Business Chamber, said it supports the NSW Government in reforming the WorkCover scheme by reducing premiums and bringing it into financial sustainability.
“The business community supports the move by Premier O’Farrell to make WorkCover more competitive and sustainable and bring it in line with other state regimes that are far more cost effective,” said Stephen Cartwright, CEO of the NSW Business Chamber.
“We know that businesses across NSW see the cost of workers’ compensation premiums as one of their key concerns. Continue reading…
NSW Workcover Shake-up Flagged In Parliament
The New South Wales Finance Minister Greg Pearce has indicated that the Government is looking to make drastic cuts to the workers compensation scheme.
Mr Pearce has told parliament that Workcover’s deficit increased by $1 billion in the six months to June last year.
He says there are more than 36,000 claimants on weekly payments and 38 per cent have been receiving the benefits for more than three years.
“The Government has to think of new ways of incentivising claimants to return to work,” he said. Continue reading….
WorkCover in New South Wales is set to receive a major state government overhaul in hopes of curbing the $4 billion WorkCover deficit.
The state already offers compensation premiums four to five times higher than that of Victoria, which has been viewed as a key issue blocking economic growth in the state.
Stephen Cartwright of the NSW Business Chamber has welcomed the changes, calling it a way for the state to further develop plans and budgets that stay within their means.
Businesses Want Workcover Reform
WORKERS’ compensation legislation was a hot topic of debate during a meeting of local business leaders and NSW Treasurer Mike Baird.
John Cordina, the head of Cordina Chickens in Girraween, told the treasurer he believed the current WorkCover system was in need of urgent reform. “It is far worse than whatever you imagined possible,” Mr Cordina said.
“When you’re in a situation where an employee can have a disagreement with the supervisor and suddenly they throw their hands up and say they’re stressed, take off and then you’re up for a $150,000 claim and you can’t do anything about it — it is a farce.”
While not offering specifics, Mr Baird said major announcements would be made regarding WorkCover in coming weeks.