Industry rates and key dates

The WorkCover Premiums Order, industry rates and key dates for premium payments, discounts, and renewing your cover.

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Premiums Order 2022–23

The methods for calculating employer WorkCover premiums for the 2022–23 year are set out in the Workplace Injury Rehabilitation and Compensation Act 2013 Premiums Order (No. 30) which is published in the Victoria Government Gazette Periodical No. P1 Wednesday 30 May 2022.

Industry rates for 2022–23

Industry Rates for the 2022–23 premium year are set out in Special Gazette No. S 274 which is published in the Victoria Government Gazette on Wednesday 1 June 2022.

Average premium rate for 2022–23

The average premium rate for 2022–23 is 1.272% of the state's rateable remuneration.

Key dates for 2022–23

Claims Statement available on line - 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

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 to 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

Important information