Answer: The proposed changes represent the most significant reform to the state’s workers compensation scheme in 25 years and could save South Australian businesses more than $180 million a year in reduced workers compensation premiums.
Under the current scheme, South Australian employers pay an average premium rate of 2.75% – the highest rate in Australia and a significant cost to business. Under the proposed Return To Work Bill 2014, the average premium rate is likely to fall to between 1.5% and 2%, allowing employers to potentially make significant savings on reduced premiums. Employers will also be able to enjoy even further savings with Employers Mutual, through its members benefits offering.
For more information, contact Employers Mutual
on 8127 1400 or email email@example.com