More than 326,000 NSW businesses face a 26 per cent rise in workers’ compensation insurance premiums over the next six years as a result of poor claims management.
, the underpayment of thousands of injured workers, and a regulator that said it had “grave concerns” about icare’s plunging return-to-work rates.It revealed that bureaucrats in Treasury had been ringing warning bells since 2018. But even after the media expose shed light on the problems, Perrottet held firm, saying icare and the team “do a superb job”.
It has now paid back the 1145 injured workers suffering deadly diseases, such as those caused by asbestos, the $33.2 million it owed them. It said the average percentage increase for a non-experience rated business over the past financial year was 2.9 per cent, adding that it had received a ministerial direction that limited premium rate increases to an average of 2.9 per cent for 2023.Other badly handled scandals include the $40 billion rail entity the government created in 2015 to hide the costs of the state’s rail system by shovelling the assets into a shell company to tart up the budget.
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