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ACT Government to stay in Comcare scheme (Media release)

05 June 2019

Comcare welcomes the ACT Government’s decision to remain in the federal workers’ compensation scheme.

The ACT’s decision comes more than two years after it announced it intended to withdraw from the Comcare scheme.

Comcare Chief Executive Officer Jennifer Taylor said the scheme’s performance and financial health had improved significantly.

“The ACT Government’s decision recognises this turnaround in performance,” Ms Taylor said.

“Better return to work outcomes and fewer claims are driving lower premiums and a strengthening financial position,” Ms Taylor said.

“The scheme’s funding ratio of assets to liabilities continues to improve and is expected to be at 100 per cent by the end of the current financial year, meaning the scheme will be fully funded for the first time since 2010.

“Our activity has contributed to this through greater focus on early intervention and return to work outcomes.”

Increases in time off work for claimants receiving incapacity payments drove the rise in scheme costs up to 2013, but claim duration after injury has since improved.

There has also been a significant fall in the number of new claims across the scheme, down by 25 per cent over the past five years.

The ACT Government’s claims experience has improved, resulting in lower premiums.  The Territory’s workers’ compensation premium rate fell by almost one third from 4.01 per cent of payroll in 2015-16 to 2.76 per cent in 2017-18.

“We look forward to continuing our work with the ACT Government to improve return to work outcomes, ensuring employees recover quickly and effectively from workplace injury and illness,” Ms Taylor said.

Media contact:
media@comcare.gov.au
0478 305 675

Page last reviewed: 15 December 2019
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Comcare
GPO Box 9905, Canberra, ACT 2601
1300 366 979 | www.comcare.gov.au

Date printed 26 Nov 2020

https://www.comcare.gov.au/about/news-events/news/act-government-to-stay-in-comcare-scheme