Victorian WorkCover Authority posts net result of over $600 million

Victorian WorkCover Authority posts net result of over $600 million

Recently, the Victorian WorkCover Authority (VWA) released their half yearly statistics on the number of workers injured in 2013 and the overall financial position of the VWA.

According to their statistics, Victoria achieved a record low injury rate of 7.51 claims per million hours worked as at 31 December 2013, compared with 7.72 as at 30 June 2013.

However, the figures also reveal that the VWA posted an overall net result of $679 million, with $119 million made from performance from insurance operations . The latter figure is particularly noteworthy, as it is attributed to management control, including operational costs and the VWA's ability to manage claims effectively .

The press release also refers to more workers returning to work after suffering an injury, although no statistics are available on this area. An increase in workers returning to work may be connected with the VWA's system of claims management and subsequently substantial financial achievements.

Suffering an injury at work can have a devastating impact on a person's ability to function, both personally and professionally. If you or someone you know has suffered an injury at work, we invite you to contact one of our personal injury experts on (03) 9321 9988.

No Win, No Fee

If we proceed with a claim you only have to pay legal costs if we are successful in getting you compensation.

Learn more

Call and speak directly to a lawyer

At Adviceline our lawyers answer the phone so that you receive free legal advice straight away. No Win, No Fee

Adviceline Injury Lawyers

Adviceline Injury Lawyers is a division of Holding Redlich © 2020
Level 8, 555 Bourke Street, Melbourne, 3000

Read our privacy policy

Provide feedback