Workplace injury insurance: Fast facts about premiums for 2009/10

This 2009 document explains why the decision was made to keep the average premium rate at 1.387% of an employer's payroll in that financial year.

Shape
 
Published: 01 Apr 2009
 
File type: PDF
 
File size: 77.93 kB
 
Length: 1 page
 
Reading level: Easy

What it contains

In April 2009, the State Government confirmed that the average premium rate for 2009/10 would remain at 1.387% of an employer’s payroll. Maintaining the existing rate meant that Victorian employers continued to pay one of the lowest average premium rates across all of the schemes in Australia. This letter covers:

  • why the Victorian Government maintained the average premium rate in 2009/10
  • what impact this was expected to have
  • what changes they foresaw to industry rates