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ReturnToWorkSA maintains average premium rate for 2024-25

Tuesday 25 June 2024

Link to article: ReturnToWorkSA maintains average premium rate for 2024-25 (

The ReturnToWorkSA Board has maintained the average premium rate (APR) for 2024-25 at 1.85%.

This decision follows strong return to work rates, though modestly offset by the Scheme still carrying unfunded liabilities and ongoing uncertainty related to the impacts of legislation changes that came into effect in 2022.

In addition to the community and individual benefits of more people realising the health benefits of work, continued improvements in “remain at and return to work performance” have contributed to the affordability of premiums.

In deciding to hold the APR, the Board carefully considered several scheme performance measures, including the December 2023 Actuarial Valuation, various scenarios such as continued inflationary pressures, and potential market downturns adversely affecting investment returns.

The APR will cover the estimated liability for new claims received in 2024-25 and contribute to returning the Scheme to full funding.

Average premium rate explained

The APR is a measure of the overall cost of the Scheme. While the average premium rate is unchanged, the premium paid by individual employers will vary significantly depending on the risk and claims costs of the industry they operate in, the amount of remuneration they pay to their employees, and other individual employer factors.

How can businesses reduce their premium?

Employers can directly influence the amount of insurance premium they pay by focusing on supporting their workers to return to work.

This can be achieved by preventing injuries from happening, and if they do, assisting the injured worker to recover and return to work as quickly as possible.

ReturnToWorkSA offers free tailored advice to employers to help improve their return to work practices through our Employer Education Service- external site.

Media contact details
Matthew Magarey – Manager Communication Services
Phone: 0417 953 017