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.

Certified Remuneration Due Dates:

• 23 October 2020 if your 2018/2019 rateable remuneration was more than $200,000
• 26 March 2021 if your 2018/2019 rateable remuneration was 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.

Please contact us if you require any assistance.

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