South Australia heads north
The positive spikes in SA's once below-par workers' comp and RTW rates is cause for celebration - and observation. Let's learn from their turnaround.
In recent years workers' compensation South Australia has been considered the ‘basket case’ of Australia. The average premium paid in South Australia is high, unfunded liabilities have been huge and growing, and return to work rates have been well below the Australian average. There appears to have been a turnaround. When the costs of a workers' comp scheme blow out a financial turnaround is often achieved by simp...