Updates
All All Industry Insights Industry News Media Release Member Only Articles NRA Events NRA Legal NRA Partners NRA Projects NRA Training and Development Policy & Advocacy Policy Updates Technology Tenancy & Leasing Testimonials Thought Leaders Weekly CEO Update WHS Update

WorkCover Qld offers discount for apprentice employers

June 16, 2017

QUEENSLAND

As part of the Queensland Government’s attempts to drive jobs for younger workers and training in skilled work, WorkCover Queensland is offering employers of apprentices a discount on their insurance premiums.

Starting 1 July 2017, employers who employ at least one apprentice can save on their insurance premiums by declaring how much they expect to spend on apprentice wages in the financial year. WorkCover Queensland will then not include those apprentice wages when calculating the employer’s premium.

For example, if your anticipated wage bill for the 2017/18 financial year is $100,000, your insurance premium is calculated with reference to that figure. If however that figure includes an apprentice whose wages cost you $30,000, your insurance premium will be calculated on a wage bill of $70,000.

This also means that if you choose to employ an apprentice further down the line, your insurance premiums will not increase.

As wages are a major factor in determining the insurance premium, removing apprentice wages from the calculation can result in substantial savings, especially for major employers of apprentices.

To claim the discount, employers will need to renew their policies online or over the phone. During this process you will be prompted to declare how much you expect to spend on apprentice wages in the 2017/18 financial so that these can be deducted from premium calculation.

The discount will only apply to apprentices that you employ directly; apprentices employed through a group training organisation will not qualify you for the discount.


WorkCover Queensland has more information on their website at www.worksafe.qld.gov.au.


NRA Media

  • Message from the CEO, Dominique Lamb: 15 May 2018
    May 15, 2018

    The annual post-budget reporting doesn’t seem to change from year to year – the big winners and big losers, what’s in it for you, who…

    Read More
  • Biome shares their experience winning 2017 Social Responsibility Champion
    May 14, 2018

    The National Retail Awards are held every year to acknowledge and honour the many outstanding individuals and businesses in the retail sector. In 2017, the…

    Read More
  • Creating a Digital Advantage – News Xtend Masterclass
    May 14, 2018

    In times of an ever-evolving society, it’s long been predicted that consumer audiences would eventually undertake an evolution when it comes to marketing – specifically,…

    Read More
  • Important changes to long service leave in Victoria
    May 13, 2018

    By Alex Millman and Lindsay Carroll, NRA Legal Last week, the Victorian Parliament passed the Long Service Act 2018 (the new LSL law), which will…

    Read More

What our clients say

Want to chat?
Contact our team today!