Business

Employers to get savings on WorkCover Premiums

From 1 July 2017, WorkCover is implementing an 'apprentice discount' which will offer savings to employers who employ apprentices by removing apprentice wages from their premium calculation.

18 Jul 2017

TAFE Queensland congratulates WorkCover for supporting the Queensland Government’s plan to encourage businesses to hire more apprentices, by offering employers a discount on their premium if they employ apprentices.

From 1 July 2017, WorkCover is implementing an ‘apprentice discount’ which will offer savings to employers who employ apprentices by removing apprentice wages from their premium calculation.

As wages are a major consideration in an employer’s premium calculation, removing apprentice wages will result in a cheaper premium. If an employer is not yet hiring apprentices, but thinking of doing so, this discount will mean the employer’s premium will not increase as a result of hiring an apprentice.

While employers can benefit from the savings, it’s important to note that the level of cover offered to apprentices is not changing. All workers, including apprentices, will continue to receive the same level of cover if they sustain an injury in the course of their employment.

More information on how to qualify for this great initiative by WorkCover is available at:

https://www.worksafe.qld.gov.au/news/2017/workcover-premium-savings-for-employers-hiring-apprentices

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