Please find below information and key dates that are applicable to workers compensation premiums (Victoria) for the 2022/2023 period.
Claims Statement available online – 11 May 2022
If employers reported claims between 1 January 2019 to 31 December 2021, they can access a WorkCover Insurance Claims Statement using Worksafe’s Online Employer Services from 11 May 2021. This statement is only provided once a year and is used to calculate premium for the 2022-23 year.
Certificate of Currency
Certificates for 2022-23 are available from 8 June 2022. To have a Certificate of Currency sent to you each year sign up for email delivery via WorkSafe’s Online Employer Services.
Buying out your excess
Employers have until 1 August 2022 to take up the excess buy-out option.
Updating your premium
Employers can review or update their Estimate of Rateable Remuneration for 2022–23 (from 23 March 2022) and can also pay their premium online based on their updated remuneration using WorkSafe’s Online Employer Services.
Submissions received before 30 June 2022 will be reflected in renewal notifications.
Premium Renewal Notices
Employers can access their 2022–23 Premium Renewal notifications online using WorkSafe’s Online Employer Services from 7 July 2022.
2022–23 Premium due dates
- 5% discount due date – 15 August 2022
- 3% discount due date – 1 October 2022
- First premium instalment (for monthly or quarterly plans) – 1 October 2022
- Annual premium due date (without discount) – 1 October 2022
Dates for certifying your 2021-22 remuneration
The due date for certifying remuneration is stated in an employer’s renewal pack.
- 28 October 2022 (for large employers)
- 24 March 2023 (for small employers)
Other key dates and parameters for WorkSafe insurance premiums in the 2022-23 Premiums Order
- Claims Reporting Period – 1 January 2019 to 31 December 2021
- Remuneration Experience Period – 1 July 2018 – 30 June 2021
- Minimum premium – $227 ($249.70 including GST)
- Maximum claims cost for an individual claim – $438,300
- Maximum legal costs for an individual claim – $82,000
- Maximum recovery – for an individual claim allocated to an employers’ performance calculation – $438,300
Contact Jayrose Group Australia today on 1300 785 244 if you require workers compensation support.
