COMPARISON OF WORKERS' COMPENSATION ARRANGEMENTS
SCHEME DETAILS
SCHEME DETAILS
SCHEME DETAILS
COMMONWEALTH*
VICTORIA
NEW SOUTH
SOUTH 
WALES
AUSTRALIA
Scheme name
Comcare, Seacare
Victorian WorkCover
WorkCover NSW
WorkCover
Authority
Corporation
WorkCover' legislation
Safety, Rehabilitation
Accident Compensation
Workplace Injury
Workers' Rehabilitation
and Compensation Act
Act 1985; Accident
Management and
and Compensation Act
1988; Defence Act 1903
Compensation
Workers'
1986
(allows for additional
(WorkCover Insurance)
Compensation Act
compensation for the
Act 1993
1998; Workers'
Australian Defence
Compensation Act
Force from 07/04/94)
1987; Workers'
Seacare: Seafarers'
Compensation (Bush
Rehabilitation and
Fire, Emergency and
Compensation Act 1992
Rescue Services) Act
1987; Workers'
Compensation (Dust
Diseases) Act 1942;
Sporting Injuries
Insurance Act 1978
Responsibility held for
Yes
Yes
Yes
Yes
OH&S
Occupational Health
Occupational Health
Occupational Health
Occupational Health,
legislation and related
and Safety
and Safety Act 1985;
and Safety Act 2000;
Safety and Welfare Act
legislation
(Commonwealth
Dangerous Goods Act
Factories, Shops &
1986
Employment) Act 1991
1985; Equipment
Industries Act 1962;
Seacare: Occupational
(Public Safety) Act
Dangerous Goods Act
Health and Safety
1994; Road Transport
1975
(Maritime Industry) Act
(Dangerous Goods) Act
1993
1995
Fund type
Central Fund
Central Fund
Managed Fund
Central Fund
Seacare: Authorised
Insurers (No set rates  
a private system)
Scheme's funding
30/06/02
30/06/02
30/06/02
30/06/01
position at
Assets: $843.1M
Assets: $5,027M
Assets: $5,766M
Assets: $805M
30 June 2002
and/or
Liabilities: $697.9M
Liabilities: $5,808M
Liabilities: $8,567M
Liabilities: $860M
30 June 2001
Funding Ratio: 120.8%
Funding Ratio: 86.55%
Funding Ratio: 67.3%
Funding Ratio: 93.5%
30/06/01
30/06/01
30/06/01
30/06/00
Assets: $838.8M
Assets: $4,855M
Assets: $6,443M
Assets: $814M
Liabilities: $643.3M
Liabilities: $5,538M
Liabilities: $9,199M
Liabilities: $836M
Funding Ratio: 130.4%
Funding Ratio: 87.7%
Funding Ratio: 70%
Funding Ratio: 97.3%
NB: Excludes 
pre premium claims
Seacare: N/A
Employer excess
No excess   scheme
First 10 days of
Category A employers
First two weeks of
coverage from first full
incapacity, and first
(annual premiums >
incapacity per worker
day/shift of incapacity
$480 of medical costs.
$3,000): first $500 of
per calendar year.
Seacare:
Buy out option also
weekly payments for
Option for `buy out'
Employer excess varies
exists (25% of
each claim.
first two weeks by
between employers
premium)
Category B employers
paying an extra
* Unless otherwise stated,
(annual premiums <
percentage of the levy
information provided applies
$3,000): first $500 or
rate (8% in 2002/2003)
to both Comcare and
payment of excess
Seacare
surcharge on
premiums of 3%
Heads of Workers' Compensation Authorities  4
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