The Joint Select Committee on the NSW Workers Compensation has announced a suite of key recommendations to reform the scheme in a bid to address its increasingly dire financial situation.

 

“The Committee has considered several hundred submissions and evidence from over 70 witnesses, which has highlighted the complexity and scale of the NSW Workers Compensation Scheme, and the problems it faces in terms of its financial sustainability and its performance in meeting its key objectives,” Committee Chair Robert Borsak said.

 

"Although the views of stakeholders were diverse, particularly with regard to the options proposed in the Issues Paper released by the Minister for Finance and Services, a strong message coming out of the Inquiry is that immediate reform is needed to respond to the dire financial position of the Scheme.”

 

The Select Committee recommended the formation of a joint standing committee of the NSW Parliament to undertake a detailed review of the scheme.

 

“We believe that the complexity and size of the Workers Compensation Scheme, and the issues raised in respect of it, necessitates a considered and thorough review which, given the timeframe, has been beyond the scope of this inquiry,” Mr Borsak concluded.

 

More information can be found here

http://www.parliament.nsw.gov.au/workerscompinquiry