PREMIUM FREEZE A RELIEF FOR BUSINESSES

TTIA is pleased to advise Members of the NSW Government’s decision to freeze workers compensation premiums and thereby provide some financial respite to businesses that are suffering due to the COVID-19 crisis.

Employers were increasingly concerned about a proposed 4 per cent increase in workers compensation premiums that would have taken effect from 1 July 2020 and the impact it would have on jobs.

This decision will cover 350,000 businesses who employ 3.2 million people and will avoid $325 million in additional costs for businesses across the state.