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Workers' Compensation Renewal Timeline

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Workers' Compensation Renewal Timeline for policies renewing on June 30

Worker’s Compensation policies are administered within state based jurisdictional boundaries.
This leads to a renewal timeline with a variety of key dates across different states, presenting administrative challenges for national employers.

We have developed three resources to assist:

1. Workers' Compensation renewal timeline (overview)

2. National Key Dates Renewal Timeline (detailed)

3. National Worker's Compensation Wage Matrix (download)

Workers Comp Timeline

Here is the National Key Dates Renewal Timeline and table as a resource for national employers with policies expiring June 30.
 

STATERENEWAL/ONLINE SYSTEMCERTIFICATE OF CURRENCY for 22/23REMUNERATION SUBMISSION DUE DATEPREMIUM DISCOUNT FOR UPFRONT PAYMENT
NSWPolicy Renewal Packs distributed electronically by Icare from 8th June 2022.

*Small ER's will receive policy calc for 22/23 as they are not experience rated.
Certificates of Currency contained within the Renewal Pack issued from 8 June 2022.If estimated wages are not updated, Icare will automatically renew using expiring estimated wages + 2.6%.

Actual wages for 21/22 must be completed by 31 October 2022.

Estimated wages can be updated and Actual wages lodged at the Icare portal.

 

3% discount available on premium for medium and large employers (APP greater than $30K) if paid within 30 days of calculation. 5% discount available on premium for small employers (APP less than $30K) if paid within 30 days of calculation.
VICPolicy Premium Renewal notifications available online from 7 July 22.
Click here
Certificates of Currency available from 8 June 2022.
Click here
Estimated wages for 22/23 can now be updated online. 

We recommend this is submitted prior to 30 June 2022 to ensure correct wages are reflected in first renewal notification issued and available online from 7 July 2022.

Actual wages for 21/22 due by 28 October 2022 (large employers) or 24 March 2023 (small employers).
5% discount available on premium if paid by 15 August 2022.

3% discount available on premium if paid by 1 October 2022.
QLDThe Queensland online portal is open from the 1 July 2022 to submit annual remuneration. 
Click here
Interim Certificates of Currency can be downloaded online with currency until 30 Sept 2022.

A full year 22/23 Certificate of Currency will not be available until wages have been submitted and premium calculated.
Actual & Estimated Wages must be completed by 31 August 2022.3% discount available on premium if paid by 16 September 2022.
SAThe SA online portal is open from 2 July 2022 to submit annual remuneration. Click here.Certificate of Current (Registration) for full year 22/23 available online from the 9 June 2022.Remuneration must be declared by the 15 September 2022.

When you complete the employer remuneration return you can choose to have your 22/23 premium calculated based on either:

• the actual remuneration paid to workers in the 21/22 financial year, or

• the estimated remuneration you expect will be payable to workers during the 22/23 financial year.
No discount available on premium for upfront payment.
 
You can elect to pay in 9 equal instalments or upfront. 

The first instalment or annual payment is due 7 October 2022.
RISK STATES (WA, ACT, NT, TAS)Howden will contact you directly re Estimated Wages & Terms.Certificates of Currency for the 22/23 policy year are issued by the insurer and then provided by Howden 24 hours after acceptance of terms. Actual Wages must be submitted by 31 July 2022.No discount available on premium for upfront payment.
National workers comp wage matrix

Workers' Compensation Wage Matrix

With remuneration being one of the key drivers of premium payable, it is important that employers calculate and declare their remuneration accurately.
Howden have developed a Wages Declaration Matrix to help employers navigate what is rated as remuneration in each jurisdiction.

Download our free copy of our Workers' Compensation Wage Matrix.