Today's half-yearly results from the Victorian WorkCover Authority (VWA) should pave the way for WorkCover premium reductions, says VECCI.
The overall net profit result of $491 million, together with the write-down in projected liabilities, are all good news in terms of the operation of the current scheme.
"The VWA deserves recognition for its improved financial performance", says VECCI CEO, Neil Coulson.
"However, in line with recommendations in our 2004/05 State Budget Submission, we believe there is room for premium reductions, especially in light of this better financial result.
"The cost of WorkCover premiums is a key issue for VECCI members, ranking second in overall order of importance in our member survey taken just prior to the 2002 State Election", says Mr Coulson. | 
