WorkCover Key Dates Reminder 2022/23
For those of you who have employees
One primary determinant of your WorkCover premium is the size of your business. WorkSafe measures this using your rateable remuneration (e.g. gross wages, salaries and other benefits provided to your workers) and uses this amount to calculate your insurance premium.
Key dates for 2022–23
| Date | Action |
|---|---|
| 7 July 2022 | 2022–23 Premium Renewal Notices issued. |
| 1 August 2022 | Last day to take up or cancel buy-out option to eliminate the excess on claims. |
| 15 August 2022 | Due date for annual premium payment (discounted by 5%).* |
| 1 October 2022 | Due date for annual premium payment (discounted by 3%).* Due date for first premium instalment (if you pay on a monthly or quarterly plan).* |
| 28 October 2022 | Due date to certify your rateable remuneration for 2021–22 (if your rateable remuneration for 2020–21 was more than $200,000).** |
| 1 November 2022 | Due date for annual premium payment (without discount).* |
| 24 March 2023 | Due date to certify your rateable remuneration for 2021-22 (if your rateable remuneration for 2020-21 was $200,000 or less).** |
* You can pay your premium online
** You can complete your remuneration certification online and update your estimated remuneration for 2022–23 at any time
To access WorkSafe’s Online Employer Services, visit worksafe.vic.gov.au/employer.
If you don’t provide your certified remuneration by the due date that applies to you, WorkSafe will estimate your remuneration as 20% more than it was the previous year. Furthermore, penalties may be applied if rateable remuneration is not certified or is incorrectly certified.
For more information about remuneration inclusions and exclusions:
https://www.worksafe.vic.gov.au/remuneration-inclusions-and-exclusions
For more key dates from WorkSafe:
https://www.worksafe.vic.gov.au/industry-rates-and-key-dates
Should you require any additional assistance please don’t hesitate to contact us.
