Treasury

03
Jul

Victorian workplaces benefit from new compensation laws

Treasury Portfolio

Assistant Treasurer Gordon Rich-Phillips has today highlighted the benefits of the new Workplace Injury Rehabilitation and Compensation Act 2013 (WIRC Act), which came into effect on 1 July. The new legislation will reduce red tape and offer a new right for employers to have their WorkCover premiums independently reviewed.

“The Victorian Coalition Government has delivered on its election commitment to combine the 30-year-old Accident Compensation Act 1985 and the Accident Compensation (WorkCover Insurance) Act 1993 into a single Act. This makes it simpler and easier for employers to comply with their requirements without compromising health and safety or the support provided to injured workers,” Mr Rich-Phillips said.

“The new legislation maintains all existing workers compensation benefits for injured workers under one simplified act. This is a triumph of common sense. 

“Rather than having compensation, rehabilitation, return to work, WorkCover and insurance premiums in separate legislation, the Napthine Government has brought it all together under one act. This is obviously a more logical and streamlined approach.

“The Napthine Government promised to reduce the regulatory burden associated with workers compensation legislation. The implementation of the WIRC Act – a culmination of three years’ consultation and hard work – delivers on that commitment,” Mr Rich-Phillips said.

The WIRC Act follows recent announcements by the Napthine Government of amendments to Victoria’s OHS Regulations, which will save $31 million in red tape for Victorian businesses.

The Premier, Dr Denis Napthine, and Mr Rich-Phillips also recently announced a two per cent reduction in WorkCover premiums for 2014/15, which will save businesses $40 million over 2014/15 and see the average WorkCover premium fall to 1.272 per cent of payroll.

Media contact: Andrew Drever  0409 580 996 andrew.drever@minstaff.vic.gov.au 
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