Insurance premium payments
On this page
- Annual payments
- Quarterly payments
- Monthly payments
- Late payment penalties
You can choose to pay your WorkCover premium as a one-off payment or in instalments.
If your premium is $1,000 or less you need to pay the full amount as a one-off payment by 1 November each year. Find out how your premium is calculated.
Pay in full
- Pay in full before 5 August and receive a 5% discount
- Pay in full before 1 October and receive a 3% discount.
You're eligible for the early payment discount even if your premium is the minium amount.
Quarterly instalments are due on the first day of:
You can pay ten monthly instalments due on the first day of each month from 1 October to 1 July.
Late payment penalties
If you don't pay your premium instalment by the due date your instalment plan may be cancelled – you'll be required to pay all future instalments for the current financial year immediately.
You may also have to pay a late payment penalty fee – contact your WorkSafe Agent for more information.
Goods and Services Tax (GST)
GST is added after your insurance premium has been calculated. You'll find the amounts that you may be able to claim back from the Australian Tax Office on the back of your WorkCover insurance invoice.