SEMMA contributed a submission into the review of WorkCover premium increases and our voice has been heard!
We worked both sides of the fence and the Liberal Party of Australia (Victorian Division) and The Nationals Victoria have secured financial relief for businesses through a 12 month freeze to WorkCover premiums.
After speaking with businesses, workers, allied health representatives and return to work specialists, the Victorian Liberals and Nationals have secured key changes to Labor’s WorkCover reforms:
• A WorkCover premium freeze at the current average of 1.8 per cent of remuneration for the 2024-25 financial year.
• An independent inquiry to review the impact of these new reforms on WorkCover, which will report back to Parliament by the end of 2024.
• Clarity around the structure and objectives around Return-to-Work Victoria, which will provide greater support to injured workers.
• Establishing a Return-to-Work Advisory Committee to provide much needed governance and oversight to Return to Work Victoria.
• An additional consultation process with core business, unions, and health stakeholders to take place next week.
SEMMA will keep members updated on the progress of this inquiry.
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