Disclaimer
Comcare developed this calculation tool as a guide only. In using this tool, you acknowledge that:
- Comcare does not give any warranties or make any representations in relation to the accuracy, reliability or completeness of the results generated by the calculation tool as it is a simplification of our actual premium model.
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There will be variation between the generated
results and actual premium outcomes and in some
instances the variation could be significant. This
depends on factors including, but not limited to:
- the actual movements in scheme average premium rate
- agency payroll for the premium year
- agency average payroll and incurred cost over the reassessment window. - When making decisions, your agency should rely only on the formal notification of your premium outcomes which we send you annually.
Click 'I accept' to indicate you acknowledge and accept these limitations.
Enter the relevant inputs and assumptions for your agency for each premium year.
After you have entered required information for a premium year, the key premium outcomes for that year will be displayed and the next year will be unlocked and available for you to enter information.
The detailed forecast outcomes for each year can be viewed by selecting the ‘Detailed calculations’ button.
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Reassessment window details
1 Jul 2020
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30 Jun 2024
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| Overview (excl. GST) | |
| Performance adjustment | |
| Prescribed rate | |
| Prescribed amount ($m) | |
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Reassessment window details
1 Jul 2021
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30 Jun 2025
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| Overview (excl. GST) | |
| Performance adjustment | |
| Prescribed rate | |
| Prescribed amount ($m) | |
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Reassessment window details
1 Jul 2022
to
30 Jun 2026
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| Overview (excl. GST) | |
| Performance adjustment | |
| Prescribed rate | |
| Prescribed amount ($m) | |
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Reassessment window details
1 Jul 2023
to
30 Jun 2027
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| Overview (excl. GST) | |
| Performance adjustment | |
| Prescribed rate | |
| Prescribed amount ($m) | |
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Reassessment window details
1 Jul 2024
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30 Jun 2028
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| Overview (excl. GST) | |
| Performance adjustment | |
| Prescribed rate | |
| Prescribed amount ($m) | |
In this section you can view the detailed forecast premium outcomes for your agency and compare the movements between two sequential premium years (by selecting from the drop down menu). The detailed outcomes can be downloaded in a .csv or a .pdf format by clicking the ‘Download results’ button at the bottom of the table.
The outcomes below are indicative only and may vary from your agency’s actual premium outcomes. If you have specifically tried to re-create your 2025-26 premium outcomes, the tool may calculate slightly different outcomes to those previously advised by Comcare because your agency’s experience over the reassessment window is treated in the calculation tool as a single block, rather than as individual years, and because of the effects of rounding.
The 'Clear calculator' button allows you to clear all previously entered inputs/assumptions.
| Item | % Difference | ||
|---|---|---|---|
| Coverage | |||
| Reassessment window | |||
| Input Tax Credit | |||
| Input tax credit | |||
| Input tax adjustment | |||
| Previous Financial Year Initial Prescribed Rate | |||
| Previous Financial Year Initial Prescribed Rate | |||
| Pool Trend | |||
| Adjustment due to pool trend | |||
| Average scheme premium rate | |||
| Risk Relativity | |||
| Risk Relativity | |||
| Performance Adjustment | |||
| Average scheme incurred cost rate | |||
| Average performance benchmark | |||
| Average payroll over the reassessment window ($m) | |||
| Average incurred cost over the reassessment window ($m) | |||
| Incurred cost rate | |||
| Performance ratio | |||
| Agency size factor | |||
| Performance adjustment | |||
| Prescribed Rate & Amount (excl. GST) | |||
| Prescribed rate | |||
| Payroll ($m) | |||
| Prescribed amount ($m) | |||
| Bonus or Penalty | |||
| Bonus or penalty ($m) | |||