Workers’ comp reforms being wound back

Original article by Anna Patty
The Sydney Morning Herald – Page: 10 : 26-Jun-14

The New South Wales (NSW) Government in 2012 took drastic action to deal with a forecast deficit of $A4bn in the state’s WorkCover scheme. Seriously injured workers no longer received payouts for items such as hearing aids or prostheses. However, WorkCover has now managed to generate a surplus of $A1bn, and on 26 June 2014 NSW Finance and Services Minister Dominic Perrottet will unveil legislation to restore some of the benefits. Earlier in the year, the state parliament had received a study by PricewaterhouseCoopers as the actuary of WorkCover, which showed that even without the 2012 cuts the deficit would fall to $A500m by mid-2018

CORPORATES
NEW SOUTH WALES. WORKCOVER AUTHORITY, NEW SOUTH WALES. DEPT OF FINANCE AND SERVICES, PRICEWATERHOUSECOOPERS, AUSTRALIAN LABOR PARTY, THE GREENS NSW INCORPORATED

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