A confidential note by NSW Treasury has warned that premiums for businesses would need to be 33 per cent higher in 2025 than they were in 2021 to cover a huge shortfall.
Icare announces new claims service providers for workers compensation scheme miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Across the board, legal services practice areas have seen an uptick since the onset of the global pandemic. Restructuring and insolvency has been an outlier of sorts. That may be about to change.
Minister for Digital, Minister for Customer Service
NSW Treasurer Dominic Perrottet and Minister for Digital and Minister for Customer Service Victor Dominello today announced NSW Treasury and the State Insurance Regulatory Authority (SIRA) will work with icare to speed up the remediation process for injured workers who have been underpaid due to historical miscalculation of payments.
Deloitte will be engaged to lead the review providing expert advice on rectifying the historical Pre-injury Average Weekly Earnings (PIAWE) underpayments and overpayments, following their work on the 7-Eleven wage claims program.
This will include commissioning a comprehensive review of PIAWE assessments to ensure the timely and fair compensation of any underpaid claims and determining if changes to the calculation or methodology are needed to assist icare in preventing PIAWE miscalculations in the future.
Treasurer, Minister for Digital, Minister for Customer Service
The NSW Government acknowledges and welcomes the recommendations of the fast tracked icare and State Insurance and Care Governance Act 2015 Independent Review, handed down by retired Supreme Court Judge Hon. Robert McDougall QC today.
Mr McDougall conducted a root and branch examination of Insurance and Care NSW (icare) and examined issues raised over the past year.
The Review offers an independent assessment of the issues and challenges facing icare and the worker’s compensation scheme and deals with these fully and frankly.
The Review states icare’s push for change was well-intentioned but was conducted too quickly which led to poor execution and failures in areas including procurement, cost management, probity, and conflict management.