Workers comp premium reductions a much needed relief for QLD business, Ai Group

Workers comp premium reductions a much needed relief for QLD business, Ai Group

“The Queensland Government’s decision to reduce workers compensation premiums by an average of 17% from 1 July is a much needed shot in the arm for industry in the State,” Ai Group Queensland Director Jemina Dunn said today.

“The Queensland Government has taken some difficult but necessary decisions in the last 12 months in reshaping the Queensland workers compensation system and today we are seeing these efforts bear fruit.

“While reductions will vary within sectors, we are pleased to see both Manufacturing (18.3%) and Construction (17%), two critical components of Queensland’s economy, both achieve sizable premium reductions. This is critical at a time when business conditions are tougher than ever, costs are rising and business confidence remains sluggish.

“In recent years Queensland workers compensation premiums have been on an upward trajectory. Ai Group has for a long time been leading the campaign to reduce these costs and today’s decision is recognition of that hard work,” Ms Dunn said.