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WIC System and Premium Rates - icare. nsw. gov. au These documents explain how your Workers Compensation Industry Classification (WIC) is determined, and outline the relevant WIC rate for each industry
Premium updates for 2025 to 2026 | icare - icare. nsw. gov. au Workers compensation insurance premium rates will increase by an average of 8% for the 2025-26 financial year This is in line with a direction from the NSW Government, capping the average rate of increase at 8% per annum for 3 consecutive years
Changes to workers compensation premium rates for FY2025 26 | Motor . . . In the 2025 26 financial year, workers compensation premiums in NSW will increase by an average rate of 8% The increase is in line with direction from Workplace Health and Safety Minister Sophie Cotsis, capping the average rate of increase at 8% per annum over three consecutive years (2023-24 to 2025-26)
NSW Workers Compensation Market Update | Gow-Gates Premium Rate Update (2025-2026) icare has confirmed the final 8% average increase in industry classification rates, completing a three-year uplift cycle Key points: Only 5 WICs will receive a reduction; most will increase by an average of 8% Transport and storage, education, health, and community services will see above-average
Calculating the cost of your Workers Compensation premium Your Claims Performance Rate (CPR) is calculated by comparing your claims performance with other NSW businesses, and rewards you with a lower premium if you have a good record of managing worker safety and recovery at work