Employer summary definitions

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Term	Definition
Actual wages	The total remuneration an employer pays to a worker as defined by Schedule 6 of the Workers' Compensation and Rehabilitation Act 2003.
Average days to first return to work	The average number of days taken to secure any form of return to work. Only lost time claims are included in this calculation.
Average days to first return to work industry average	The average number of days taken to secure any form of return to work within the same WIC.
Average paid days	The number of paid days (partial or total) on a statutory claim divided by the number of new statutory claims, in a given financial year.
Average paid days industry average	The average paid days (partial or total) across the same WIC.
Average monthly payments	The average cost of statutory claim payments made per claim in a given month. This amount is calculated by summing the total statutory claim cost over the year divided by the number of payment months in the year for that claim.
Average Common Law claim cost	The average cost of common law payments made in the given financial year.
Average Common Law claim cost industry average	The average common law claims cost across the same WIC.
Common law total claim costs	The sum of all payments made on the common law claims in a given the financial year.
Damages ratio	The number of new common law claims divided by the number of new statutory claims, in a given financial year.
Damages ratio industry average	The number of new common law claims divided by the number of new statutory claims, across the same WIC, in a given financial year.
Days between injuries	The number of working days divided by the number of new statutory claims, in a given financial year.
Final return to work percentage	The number of claims where time lost has been paid and where the worker has returned to work, shown as a percentage of all claims, in a given financial year.
Final return to work percentage industry average	The final return to work percentage across the same WIC.
Gazette rate	The premium rate for a given WIC. It is prescribed annually by the Queensland Government and gazetted.
Gazette value	The gazette rate multiplied by your wages.
Premium rate	The rate that has been used to calculate a premium for a given financial year. Wages, claims experience, the gazetted rate and the size of the business are taken into consideration when calculating the premium value. The premium rate is expressed as a dollar value per $100 of wages.
Premium value	The premium rate multiplied by actual wages is the premium value. This amount excludes GST and stamp duty.
New Common Law claims	The number of new common law claims registered in a given financial year.
New Common Law claims industry average	The average new common law claims registered across the same WIC.
New statutory claims	The number of new statutory claims that have been registered during a given financial year, irrespective of the claimants’ accident dates. It includes claims that change from notification to pending, but excludes notification claims and any cancelled claims.
New statutory claims industry average	The average new statutory claims registered across the same WIC.
Statutory claim cost industry average	The average statutory claims cost across the same WIC.
Total statutory claim cost	The sum of all payments made on a statutory claim within the financial year.
Stay at work percentage	This is the number of accepted claims with no time lost, divided by all accepted claims in a given financial year. The percentage is calculated based on the capacity to work status at first acceptance
Stay at work rate industry average	The stay at work percentage across the same WIC.
WIC	An industry classification system based on the Australian and New Zealand Standard Industrial Classification. Businesses will be assigned an appropriate industry category on the basis of their whole-of-business activity.