NSW Workers Compensation Changes
16 October 2015 - Changes to existing Workers Compensation legislation
The following changes to the existing Workers Compensation legislation came into effect on 16 October 2015 and apply retrospectively from 5 August 2015:
- Increased lump sum compensation payment for Workers with at least 11% permanent impairment or at least 15% permanent impairment for psychological injuries
- Increased death benefit lump sum amount from $524,000 to $750,000
- Increased maximum for funeral expenses from up to $9,000 to up to $15,000
- Injured Workers are now entitled to up to 12 months of weekly payments of compensation after reaching retiring age, whether they lodged their Claim before or after 1 October 2012
We will be identifying all claims affected by the changes and will contact you if your entitlements have changed. You may also contact your Claims Advisor if you need information about the changes and how they may apply to you.
For more information on the benefit reforms visit http://insurancereforms.nsw.gov.au/
30 January 2015 - Changes to the Definition of a Week and Tech Manual
WorkCover NSW has recently announced changes to the definition of a Week and to the Tech Manual.
Definition of a Week Changes:
For the purposes of determining weekly payments, the definition of a week, commences on the day on which the Worker first suffers incapacity (total or partial) from a work injury that results in a weekly payment of greater than $nil. A week is counted over the following seven-day period (where date of first incapacity is counted as the first day)
Tech Manual Changes:
WorkCover have introduced a number of new data fields in relation to a worker’s Pre-Injury Average Weekly Earnings (PIAWE) and weekly benefit payment transactions in order to capture more detailed information on these items.
Previously Overtime and Shift Allowances were combined; however the requirement is to now provide these two amounts separately for the purposes of calculating a workers’ PIAWE.
To correctly determine a workers’ entitlement to weekly benefits we require you to provide us with the following information when submitting a claim for reimbursement:
Earnings – the amount taken into account as the workers earnings, expressed as ‘E’ in the weekly payment formula for the relevant payment period.
Deductibles – the amount taken into account as the workers deductible, expressed as ‘D’ in the weekly payment formula for the relevant payment period.
Hours Lost – the number of hours and minutes in the weekly benefit payment period where the worker was absent from work as a result of their work capacity.