Workers comp bill a ‘win for workers and businesses’

Workers comp bill a ‘win for workers and businesses’ | Insurance Business

Workers comp bill a ‘win for workers and businesses’
The proposed changes to the New South Wales workers compensation have been passed through Parliament and welcomed by key members of the state government.

The $1 billion package was announced earlier this month and the Workers Compensation Amendment Bill 2015 was ratified by Parliament late last week.

Dominic Perrottet, minister for finance, services and property, welcomed the passage of the bill as “a win for both injured workers and businesses across NSW.”
“It’s clear we have struck the right balance between the needs of injured workers and the businesses that support the scheme,” Perrottet continued.
Perrottet said that elements of the package “have been welcomed by a number of stakeholders, including the AMA, the NSW Business Chamber, the Law Society and the Bernie Banton Foundation,” as Suncorp also welcomed the changes when they were announced.
The move “has a social heart and a commercial mind,” according to Perrottet but there is still more work to be done and those key to the industry will be consulted on the on-going process.
“The Government recognises while this is an important day, there is still more work to do,” Perrottet said.
“The next step in the evolution of the workers compensation system will be consultation on the regulation of legal costs. The Government will be in touch with stakeholders in coming weeks to determine the best way forward.
“I want to thank everyone who provided input into these reforms and look forward to continuing this positive engagement as we create a fair, sustainable and customer focused workers compensation system.”