Your accident insurance policy—which covers your business for the cost of any work-related injuries to your workers—is due for renewal. You must declare your wages information to WorkCover so your 2021-22 premium can be calculated.
What you need to declare
It’s important to be aware of who you must cover, and what payments you must declare as wages. For example, some contractors may need to be covered, and you must include superannuation and fringe benefits as wages.
Use WorkCover’s Declaration of wages guide to help determine what you need to declare, or get step-by-step help when you renew online.
Declare your wages by 31 August 2021 to take full advantage of the flexible payment options, including:
- interest-free monthly payment plans with deductions occurring on the date of your choice
- a 5% discount* if you pay your premium in full by 16 September.
Wages paid to apprentices during the course of their apprenticeship are excluded from your premium calculation—resulting in a discounted premium for those who choose to employ apprentices. This discount does not apply to trainees.
To claim the apprentice discount, you still need to declare your apprentice wages to WorkCover. Your apprentices will continue to receive the same level of cover if they sustain an injury in the course of their employment.
Declare your wages online – You can log in to WorkCover Connect to declare your wages online.
If you need any help with this or if you have any questions, then please give us a call 07 5649 7650.