Victoria’s average WorkCover premium will stay at 1.8% next financial year.

Renewal notices for 2025-26 will be available via WorkSafe’s employer services online portal next month.

Employers’ individual premiums can vary. They are based on more than 500 industry rates set each year depending on workplace dangers, with workforce remuneration and claims histories also factors. 

“We are taking a balanced approach to ensuring the long-term viability of Victoria’s workers’ compensation scheme and passing on the benefits directly to workers and employers,” WorkSafe Minister Ben Carroll said.

The government introduced reforms last year to modernise the WorkCover scheme and ensure it remains financially sustainable.  

It is piloting new programs and support to help injured people and those with work-related mental stress return to jobs or training.

It says an independent statutory review in 2027 will ensure the reforms are working.  

Last financial year, WorkSafe provided $3.4 billion in support to more than 104,000 injured workers, helping more than 26,000 return to their jobs.