Comcare welcomes the ACT Government’s decision to remain in the federal workers’ compensation scheme (see SafetyCulture report here).
In February 2015. The ACT Government announced its intention to shift away from Comcare and design a new scheme for ACTPS employees. However, feedback from a consultation showed there’s a better path forward in remaining with Comcare.
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,” she said.
“Better return to work outcomes and fewer claims are driving lower premiums and a strengthening financial position.
‘The scheme’s funding ratio of assets to liabilities continues to improve and is expected to be at 100 percent 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.”
The ACT Government’s claim experience has improved and has resulted in lower premiums. The Territory compensation premium rate fell by almost one-third from 4.01 percent of payroll in 2015-16 to 2.76 percent in 2017-2018.
“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,” said Ms. Taylor.