Figures released in the WorkSafe Victoria mid-year report shows the number of injury claims per million hours worked fell 1.9 percent to 6.16 in the six months from July to December 2017.
The report shows the state’s safety watchdog recorded a net result of $516.8 over the same period. This was mainly due to strong investment returns and favourable changes in economic assumptions.
Half year performance from insurance operations (PFIO) was $9.6 million. This was impacted by a rise in the projected future cost of claims, which resulted in the need for an extra $100 million to be set aside for these costs.
Despite this, WorkSafe Chief Executive Clare Amies said WorkSafe’s fundamentals remained sound.
“The decrease in injury rates is particularly pleasing as it shows that more Victorian workplaces than ever before are making safety a key part of their daily activities,” Ms. Amies said.
“We will continue to make injury prevention our most important goal because that’s good for workers, their families, employers and the community.”