Central Coast Mortgage Brokers

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.NSW Workcover Reform

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….

NSW Receives WorkCover Overhaul

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.

Contact Us

AIMS Accounting Service
22 Swindon Close
Lake Haven NSW 2263
Phone: 02 4392 8720

Small Business News

Managing inventory is an essential part of your business, however, it can be a drain on your cash re [...]

“There’s no such thing as bad weather, only unsuitable clothing.” So goes the saying. Most indoor wo [...]

Five organisations have secured a total of $1.4 million in grants from LaunchVic to deliver programs [...]

In today’s ever increasing online world, domain names have become one of the most important business [...]

I spent all of last week travelling around Australia with one of my clients. She heads up innovation [...]

The opportunity for small to medium sized businesses to make the switch to solar and batteries is st [...]

Four years ago, Sydney’s Frank Andrews began to transition away from a nearly 20-year career in the [...]

Startup founders that overlook co-working spaces that aren’t ‘geographically desirable’ might miss o [...]