01 Aug 2013
Australian workers compensation schemes have paid out $7.4 billion in one year, says the latest report from Safe Work Australia.
The payments are tabled in the recently released report, Key Workers’ Compensation Information, Australia, and were made in the 2010–11 financial year.
Incapacity, permanent impairment and common law claims accounted for $4.09 billion of the payments.
The remainder comprised medical and other services (including rehabilitation) accounting for $1.71 billion, insurance operation costs $1.31 billion and other administrative costs $343 million.
In the same period, serious workers compensation claims alone totalled 127,330 and involved one or more weeks off work, permanent incapacity or fatality, the report adds.
For more details, visit the report.
Published on 1 August 2013 in NSCA Safe-T-Bulletin.