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What is included in WorkCover remuneration SA?

What is included in WorkCover remuneration SA?

Benefits to workers include items such as superannuation contributions, fees or bonuses, footwear, uniform, clothing and/or dry cleaning allowances and living away from home allowances. There are more than 60 allowances or benefits that could make up the remuneration you pay your workers.

What is included in WorkCover remuneration?

Wages, salary, fringe benefits, superannuation and/or any other consideration an overseas employer provides a worker working in NSW, is counted as remuneration.

What is an employer remuneration?

Remuneration is all compensation an employee receives from an employer for services rendered, both monetary and non-monetary.

How is WorkCover premium calculated?

All premiums are calculated by taking your industry classification rate and multiplying it with how much your business pays in wages. This is called average performance premium. Call us on 13 44 22 if you need to update any of your policy details, including your estimated wages.

How do I update my WorkCover insurance remuneration?

If you disagree with the estimated remuneration figure used to calculate your WorkCover insurance premium you can go login into your Online Employer Service insurance account and update your remuneration. You can then recalculate your premium and pay it on the spot. Was the information on this page helpful?

When does WorkSafe estimate your WorkCover premiums?

If you perform better than your industry average, you will pay less. If you perform worse, you will pay more. When does WorkSafe estimate your remuneration? WorkSafe estimates your rateable remuneration and calculates your WorkCover premium every July.

How to contact rtwsa for employer remuneration return?

For more information please call us on 13 18 55 between 8:00am and 6:00pm Monday to Friday or email [email protected] Was this information helpful? Your feedback helps us to improve this website.

When do you have to pay WorkSafe remuneration?

31 March 2018 if your remuneration is under $200,000. 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. The amount you pay your workers can easily change.