Page 1927 - Week 09 - Thursday, 19 October 1989

APPENDIX 1

1 (Incorporated in Hansard on 17 October 1989 at page 1727)

COMPARISON OF SOME NSW AND ACT PREMIUM RATES

TABLE included in printed Hansard

* No specific rate in New South Wales

of these

Notes: Maximum rate in NSW 8.4%.

Compensation for the first week of disability a~d the first

of $500 (includes medical expenses} must be paid by an

employer and are excluded from the workers compensation

scheme. Option available if premium under $2,000 to opt

out of this excess.

Insurers carry no risk (they act as agents under the State

compensation scheme}.

There is cross subsidisation of rates between the various

classifications.

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