COMPARISON OF WORKERS' COMPENSATION ARRANGEMENTS
SCHEME DETAILS
WESTERN
AUSTRALIA
QUEENSLAND
TASMANIA
NORTHERN
TERRITORY
A.C.T.
NEW ZEALAND
WorkCover
WorkCover
WorkCover
Work Health
ACT Workers'
Accident
Western Australia Queensland
Tasmania
Compensation
Compensation
Scheme
Corporation
Work Health Act
Workers'
WorkCover
Workers'
1986
Workers'
Injury Prevention,
Compensation
Queensland Act
Rehabilitation and
Compensation Act
Rehabilitation and
and Rehabilitation
1996
Compensation Act
1951 (updated
Compensation Act
Act 1981
1988
1 July 2002)
2001
No
No
Monitoring,
Yes
No
No
promotional and
Occupational Health
advisory functions
and Safety Act 1989;
only. Workplace
Workers Compensation
Health and Safety Act
Supplementation Fund
1995
Act
Approved Insurers
Central Fund
Approved Insurers
Approved Insurers.
Privately
Central Fund
(Essentially
(No set rates  
(No set rates  
underwritten with
(between 1/7/99 and
private insurance.
a private system)
a private system)
Approved Insurers
30/6/00 approved
Loading of 100%
insurers; no set rates
allowable on set
  a private system)
premium and full
discounting
allowed. The
Workers'
Compensation
and Rehabilitation
Commission may
approve a loading
in excess of 100%)
30/06/02
N/A
N/A
N/A
30/06/02 ($NZM)
N/A
Assets: $2,163M
Assets: $1,667
Liabilities: $1,697M
Liabilities: $2,836
Funding Ratio:127.5%
Funding Ratio: 59%
30/06/01
30/06/01 ($NZM)
Assets: $2,444M
Assets: $1,381
Liabilities: $1,844M
Liabilities: $2,822
Funding Ratio:132.5%
Funding Ratio: 49%
No excess  
4 days excess plus
First 5 working days
No excess  
No excess   scheme
For work injuries, the
scheme coverage
day of injury.
of each injury and
scheme coverage
coverage from first
employer is liable to
from first day of
Option to `buy out'
first $200 of other
from first day of
day of incapacity
cover first week after
incapacity
excess at the
benefits
incapacity
No medical costs
incapacity for work
greater rate of
No medical costs
begins
8.5% of premium
or $10
Heads of Workers' Compensation Authorities  5
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