Recent changes from WorkCover
Published: 15 June 2017
From 1 July 2017 wages paid to apprentices during the course of their apprenticeship will no longer be included in your premium calculation—resulting in a discounted premium for those who employ apprentices. This discount does not apply to trainees.
While you still need to declare apprentice wages to WorkCover, they will not be included in your premium calculation and your apprentices will continue to receive the same level of cover if they sustain an injury in the course of their employment.
Read more information on this topic.
Early payment discount increased to 5%
Employers who pay their premium in full have previously been able to benefit from a 3% discount on their premium. From 1 July, WorkCover are increasing this discount to 5%. To take advantage of the 5% discount this year, you need to declare your wages by 31 August, and pay your premium in full by 16 September. Your premium must be greater than $200 to qualify for the 5% discount.
Step-by-step online wage declaration option
WorkCover have made declaring wages online even easier this year, with the introduction of their step-by-step declaration option. If you’re unsure about what you need to declare as wages, use the step-by-step option to be guided through the wage declaration process where you will be prompted to include (and exclude) all relevant payments that make up your final wages.
Employers who renew their policy online will be able to get a better understanding of the factors that influence their premium calculation, through our new policy snapshot. By declaring your wages online, you’ll be able to easily see any discounts you may be benefiting from, compare your claims performance to the industry average, and see how changes to key factors (such as wages or industry rate) have influenced your premium.
$200 minimum premium price
Small business owners can continue to benefit from changes WorkCover made last year that reduced the minimum premium price from $290 to $200.
Still the lowest average premium rate in Australia
Queensland employers can continue to enjoy the lowest average premium rate in the nation of $1.20 per $100 in wages.