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Liberals call for immediate WorkCover rate cut

State Liberal Leader Steven Marshall has called on the Weatherill Labor Government to cut the WorkCover rate immediately to create jobs in South Australia.

Last week, the Weatherill Labor Government announced the WorkCover scheme had recovered from its previous unfunded liability of more than $1.1 billion.

The Government has plans to cut the WorkCover rate from 2.75 per cent to 1.95 per cent from 1 July this year.

However, Mr Marshall is calling on Premier Weatherill to cut the rate immediately to lower business costs and encourage job creation.

“For 13 years, Premier Jay Weatherill and the Labor Government have financially mismanaged the WorkCover scheme, which had been a disaster for workers and employers,” said Mr Marshall.

“Recent reforms to the scheme, supported by the State Liberals, have obviously been successful, but we need to do more to encourage job creation in South Australia.

“According to the July 2014 Safework Australia Report, South Australia has the highest WorkCover levy rate of all states.

“SA’s rate of 2.75 per cent compares to just 1.3 per cent in Victoria, 1.2 per cent in Queensland, 1.4 per cent in New South Wales and 1.56 per cent in Western Australia.

“Despite the planned cut, South Australia will still have the highest rate of all mainland states.

“Reducing our levy rate immediately will go a long way to helping reduce costs for businesses in SA.”