News in 2007

2007 premium rate announcement

WorkCover Queensland is pleased to announce today the average premium rate for employers will be reduced for the second year in a row. From 1 July 2007, the average premium rate will drop to $1.15 per $100 wages, from $1.20 last year. 

WorkCover Queensland offers the lowest average premium rate in Australia and has done for the last eight years. In comparison, Victoria recently announced a rate of $1.46 for each $100 of wages paid.

This reduction will benefit all Queensland employers and the Queensland economy. Queensland continues to be a great state to start and grow successful businesses.

The reduction in premium rate has been achieved through WorkCover Queensland’s sound financial management. WorkCover Queensland continues to provide excellent benefits for injured workers and this year, injured worker satisfaction was at 78.8%.

From 1 July 2007, WorkCover Queensland will also be offering most employers a range of convenient, flexible payment options such as monthly or quarterly payments*. Employers who pay their full premium early will receive a 3% discount.

WorkCover Queensland is also happy to help employers forecast their premium. Our customer advisors can assist individual employers with a tailored premium forecast.

For more information or for a premium forecast, please call our contact centre on 1300 362 128 or visit our website at www.workcoverqld.com.au