Independent review of WorkSafe premiums

Overall the actuaries found that WorkSafe's current premium system is fair, performing well and is financially sustainable.

WorkSafe agrees in principle with the majority of the review recommendations, particularly around simplification, transparency and enhancing the means in which the broader Scheme objectives for Occupational Health and Safety (OHS) and Return to Work (RTW) are supported within the premium model.

WorkSafe will consider the recommendations as part of Strategy 2030 which is focussed on delivering greater social and economic value to the Victorian community through the regulation of workplace health and safety and delivery of the workers' compensation scheme.

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