Average premium rate

The average premium rate for 2018/19 is 1.272% of the state's rateable remuneration.

Industry Rates and Industry Claim Cost Rates (IRs and ICCRs) were gazetted on 16 May 2018.

The Gazettal Notice is available from the Victoria Government Gazette. Individual industry rates are available in a Special Gazette (Special 223 Wednesday 16 May 2018).

Victorian Government Gazette

Key dates

Please note the following key dates for 2018/2019:

22 June 2018

Online system available to estimate 18/19 remuneration.

Employers can review or update their Estimate of Rateable Remuneration online now using the WorkSafe insurance account (Online Employer Services).

Submissions received before 30 June 2018 will be reflected in renewal notifications.

15 May 2018

Claims Statement available online.

Employers with claims impacting on the calculation of their 2018/19 WorkCover insurance premium will be able to access a Statement of their WorkCover insurance claims from your WorkSafe insurance account (Online Employer Services).

5 June 2018

Certificate of Currency available.

Note: To have a Certificate of Currency sent to you each year, sign up for email preferences via your WorkSafe insurance account (Online Employer Services).

12 July 2018

Employers will be able to access their Premium Renewal notifications for 2018/19.

1 August 2018

Last day to take up the excess buy-out option.

6 August 2018

Due date for annual premium payment (discounted by 5%).

1 October 2018

Due date for annual premium payment (discounted by 3%).

Due date for first premium instalment (if you pay on a monthly or quarterly plan).

26 October 2018

Certify your Rateable Remuneration for 2017-18 (if your rateable remuneration for 2016–2017 was more than $200,000).

You can certify your rateable remuneration online using the WorkSafe insurance account (Online Employer Services).

1 November 2018

Due date for annual premium payment (without discount).

29 March 2019

Complete your Declaration of Rateable Remuneration form (if your rateable remuneration for 2016–2017 was $200,000 or less).

You can certify your rateable remuneration online using the WorkSafe insurance account (Online Employer Services).

You can pay your WorkCover insurance premiums update your estimated rateable remuneration for 2018/19 online using your insurance account (Online Employer Services). You can also recalculate your premium with your updated estimate.

Other key dates and parameters for WorkSafe insurance premiums in the 2018/19 Premiums Order.

  • Claims Reporting Period – 1 January 2015 to 30 June 2017
  • Remuneration Experience Period – 1 July 2014 to 30 June 2017
  • Minimum premium – $202 ($222.20 including GST)
  • Maximum claims cost for an individual claim – $390,600
  • Maximum legal costs for an individual claim – $73,100
  • Maximum recovery – for an individual claim allocated to an employers' performance calculation - $390,600.

Important information