Contents
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Commencement
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Parliamentary Procedure
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Bills
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Parliamentary Procedure
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Bills
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Parliamentary Procedure
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Bills
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Petitions
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Parliamentary Procedure
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Ministerial Statement
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Question Time
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Grievance Debate
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Bills
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Parliamentary Procedure
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Bills
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Estimates Replies
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ReturnToWorkSA
In reply to the Hon. S.C. MULLIGHAN (Lee) (21 September 2018). (Estimates Committee B)
The Hon. R.I. LUCAS (Treasurer): I have been advised of the following:
ReturnToWorkSA Premium over last five years
| Financial year | Total Premium | Labour Hire Premium |
| 2014 | $657.3 million | $24.3 million |
| 2015 | $659.3 million | $21.0 million |
| 2016 | $494.4 million | $17.2 million |
| 2017 | $518.1 million | $21.7 million |
| 2018 | $527.3 million | $24.5 million |
The premium for 2018 is 20% less than 2014, reflecting an increase in the remuneration base being more than offset by the reduction in the average premium set rate by ReturnToWorkSA. The scheme's average premium rate has been reduced from 2.75% to 1.8% over the 5 years to 2018.
Premium forecast for the next financial year, both generally and for Labour Hire
In the context of setting of the average premium rate at a record low of 1.7% for the 2018-19 financial year, it is predicted that approximately $520 million in premium will be collected from employers.
There is no predicted labour hire premium figure for the 2018-19 financial year. However, ReturnToWorkSA's expectation is that it will be in a similar proportion to previous years, i.e. between 4% and 5% of total premium.
All the above figures are accurate as at 9 October 2018.