Published on 08 Sep 05
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Workers compensation premiums can be a significant cost of doing business. Based on our evaluation surveys it is a topic that is causing many problems for advisers and their clients. This presentation focusses on some of the more complex and uncertain issues that we have identified. Specific issues discussed include:
- deemed workers
- what is a contractor?
- documentation for employers and principals
- related corporations
- impact on premium
- split rating
- recent and future changes
- changes to the scheme introduced in June 2005
- proposed changes for the next 12 months.
Gary is a Senior Underwriter NSW International & Regional with CGU Workers Compensation (NSW) Limited. Gary has worked in the general insurance industry for over 30 years with the last 13 years in Workers Compensation. He was the manager of the Commercial Union Workers Compensation for five years. He has a strong knowledge on all aspects of Workers Compensation in both underwriting and claims and has worked closely with the WorkCover Authority of NSW on a number of working parties representing the insurers on scheme redevelopment, GST and provisional liability. Current at 05 August 2005
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