NSW Workers Compensation wage declaration under insurance - Safe Scope

Recent review of the NSW Workers Compensation Scheme by State Insurance Regulatory Authority (SIRA) found widespread under insurance and non-compliance, particularly through inaccurate wage declarations. An estimated $60 million in unpaid premiums is attributed to missing or incorrect wage declarations and 75% non-compliance from those employers audited.

SIRA and iCare are joining forces to focus on improving compliance and eliminate under insurance. Remuneration audits will increase in NSW and under declaration may result in fines and potential prosecution.

Safe Scope are experts in Workers Compensation and can assist your business to achieve compliant outcomes. For advice or assistance with wage declarations, contact Iain Lumsden on 0427 510 381 or iain.lumsden@safescope.au