Employers' workers' comp premiums will increase significantly, with some companies facing an "annual hit" of hundreds of thousands of dollars, unless the High Court quashes a judgment allowing injured workers to "combine" their impairments, according to a regulator and South Australia's Treasurer.
South Australia's workers' comp regulator has wiped out its $1.132 billion unfunded liability, and has set a record-low average premium rate for 2015-16.
South Australian employers have been promised a "big reduction" in workers' comp insurance premiums in 2015-16, with the introduction of WorkCover SA's new name - ReturnToWorkSA.