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WorkCover has announced the insurance companies [scheme agents] who will provide workers compensation policies and claim services for NSW employers from 1 January 2015 until 1 January 2018.
Under the 2015 Scheme Agent Deed the following organisations have been appointed:
• Allianz Australia Workers’ Compensation (NSW)
• CGU Workers Compensation (NSW) Limited
• Employers Mutual NSW Limited
• GIO General Limited
• QBE Workers Compensation (NSW) Ltd
Significant Decision - Federal Circuit Court says employees on workers compensation in NSW accrue annual leave
On 11 November 2014, the Federal Circuit Court of Australia handed down a decision that could have significant ramifications for employers in New South Wales.
The case was heard by a single judge and it concerned whether employees in New South Wales are entitled to accrue annual leave during a period when they are absent from work and on workers compensation.
Remember to pay the new super guarantee rate
Ahead of the first quarterly superannuation payment under the new rate, a reminder of the increase to the compulsory minimum super payments from 9.25 per cent to 9.5 per cent as of 1 July this year.
Employers must pay super guarantee contributions for each eligible employee at least four times a year and the first quarterly contributions need to be paid by 28 October.
Keep a look out for an AFEI email explaining your new obligations under SuperStream and the role of clearing houses.
Daylight savings starts at 2am on Sunday 5 October in NSW, ACT,Victoria, South Australia and Tasmania and with clocks to be moved forward one hour.
Western Australia, the Northern Territory or Queensland do not have daylight savings.
The NSW Government has announced that the WorkCover Industry Classification (WIC) rates will, for the period from 1 July 2014 to 31 December 2014, stay the same as the January to June 2014 policy period.
Employers with a NSW workers compensation policy are allocated to a WIC based on the nature of their business. An employer's basic tariff premium is calculated by multiplying their wages by the WIC rate for the applicable industry.