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| Workcover Deadline ? 5th September |
| A media campaign is to alert businesses to another workcover change ? hopefully an improvement. |
Remuneration for workers determines the actual cost of premiums. Since this is only known after year end, a declaration is required. That declaration was due 31st July 2003.
The change to this years process is that the initial and confirmed premium now becomes a single premium. Confused? ? So are we, but this is supposed to simplify the process.
The penalty can be, that without the remuneration declaration by 5th September, your insurer will increase last years wages by 20% and demand payment based upon that resultant premium
22nd-August-2003 |
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