Insurance Premiums Order (January-June) 2008

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HOME > Publications > Workers Compensation > Premiums > Insurance Premiums...

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Premiums

Insurance Premiums Order (January-June) 2008 In October 2007, as a result of the ongoing financial improvements in the WorkCover Scheme, the Government announced that NSW employers would be provided with a fifth consecutive reduction in workers compensation premium rates. A package of improvements to workers compensation benefits was also announced.
Premium Reduction An average five per cent reduction in the target collection rate for policies commencing or renewed on or after 31 December 2007. This will mean an overall annual saving of approximately $110 million for NSW businesses and is in addition to the $675 million worth of premium reductions delivered since December 2005. These five premium rate reductions in two years amount to an average 30 per cent reduction in the target collection rate. The new target collection rate paid by employers in NSW will fall to 1.77%, down from 2.57% in 2005. The Insurance Premiums Order (January-June) 2008 has now been released incorporating the changes noted in the October announcement. The entire document is available below, and specific sections will be available on this site by mid-December. Download the IPO in full: Insurance Premiums Order (January-June) 2008 Publication No. 5385 (PDF format - 1170 Kb) Insurance Premiums Order 2007-2008: Further Amendment Order 2007 Publication No. 5386 (PDF format - 149 Kb) Download the IPO by Divisions: Insurance Premiums Order (January-June) 2008: Division A Publication No. 5444 (PDF format - 224 Kb) Insurance Premiums Order (January-June) 2008: Division B Publication No. 5445 (PDF format - 194 Kb) Insurance Premiums Order (January-June) 2008: Division C Publication No. 5446 (PDF format - 478 Kb) Insurance Premiums Order (January-June) 2008: Division D Publication No. 5447 (PDF format - 175 Kb) Insurance Premiums Order (January-June) 2008: Division E Publication No. 5448 (PDF format - 237 Kb) Insurance Premiums Order (January-June) 2008: Division F Publication No. 5449 (PDF format - 215 Kb) Insurance Premiums Order (January-June) 2008: Division G Publication No. 5450 (PDF format - 212 Kb) Insurance Premiums Order (January-June) 2008: Division H Publication No. 5451 (PDF format - 169 Kb) Insurance Premiums Order (January-June) 2008: Division I Publication No. 5452 (PDF format - 229 Kb) Insurance Premiums Order (January-June) 2008: Division J Publication No. 5453 (PDF format - 171 Kb) Insurance Premiums Order (January-June) 2008: Division K Publication No. 5454 (PDF format - 184 Kb) Insurance Premiums Order (January-June) 2008: Division L Publication No. 5455 (PDF format - 228 Kb) Insurance Premiums Order (January-June) 2008: Division M Publication No. 5456 (PDF format - 174 Kb) Insurance Premiums Order (January-June) 2008: Division N Publication No. 5457 (PDF format - 174 Kb) Insurance Premiums Order (January-June) 2008: Division O Publication No. 5458 (PDF format - 194 Kb) Insurance Premiums Order (January-June) 2008: Division P Publication No. 5459 (PDF format - 190 Kb) Insurance Premiums Order (January-June) 2008: Division Q Publication No. 5460 (PDF format - 191 Kb)
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