Strategic plan and Annual report

Strategic plan 2011-16

WorkCoverSA’s Strategic Plan 2011-16  includes four main goals that will help determine our success in the future. These include:

Goal 1 – injured workers remain at work or return to work to their maximum capacity
Goal 2 – employers, workers and providers meet their obligations and actively work together to deliver workplace injury prevention and injury management outcomes
Goal 3 – a financially sustainable Scheme
Goal 4 – a professional, achievement focused organisation.

In order to achieve these goals, we will focus on delivering the following strategies over the next five-year period:

• effective implementation of the agreed plan from the 2010 Walsh report
• implement a new employer premium payment system
• leverage information, communication and technology systems and capability to support business outcomes
• influence behaviour of high cost and/or high risk employers to improve outcomes
• improve the services, skills and engagement of the people who contribute to the delivery of better outcomes for injured workers and employers
• leverage training opportunities and labour market gaps for the benefit of injured workers and employers
• focus on regulation and education for employers, workers and providers in meeting their legislative obligations
• undertake a new agent and legal contract process
• maintain a prudent risk-based investment program
• ensure employers are registered and pay their appropriate levy
• align, develop and enhance WorkCover’s organisational capability
• continuously improve our workplace health, safety and well-being systems.

WorkCoverSA Strategic Plan 2011-16 [256 KB]

View our previous Strategic Plan

Strategic direction 2011-2016

WorkCoverSA's Strategic direction 2011-2016 provides the framework for WorkCover to achieve the best outcomes for injured workers, employers and the South Australian community.

Strategic direction 2011 - 2016

Annual report

This is our main corporate report to stakeholders and members of the South Australian community. It includes:

• full financial details of the SA Workers Rehabilitation and Compensation Scheme
• a simplified financial statement and a chapter reporting on our financial performance
• statements from the Chair and CEO
• workplace claims statistics.

WorkCoverSA annual report 2010-11 [3.8 MB]

WorkCoverSA financial statements 2010-2011 [1.6 MB]

Year in brief

• Scheme funding at 30 June 2011 was 64.8%
• The average levy rate will remain constant at 2.75% in 2011-12
• WorkCover achieved an actuarial release of $41 million against a one year target of $76 million. An actuarial release of $330 million was achieved against our three-year cumulative strategic plan target of $225 million
• WorkCover’s outstanding claims liability increased to $2.66 billion
• WorkCover’s investment portfolio recorded a return on investment of 10.4%
• WorkCover’s unfunded liability reduced to $952 million, after a profit of $30.2 million
• There were 18,634 claims incurred from workers employed by registered employers
• There were 6,036 income maintenance claims incurred from workers employed by registered employers
• There were 9,350 claims incurred from workers employed by self-insured employers
• There were 2,320 income maintenance claims incurred from workers employed by self-insured employers
• There were 6,380 active income maintenance claims at 30 June 2011
• Approximately 77% of injured workers either did not lose time off work or returned to work within two weeks of their injury.

Note: Incurred means the date of injury is during the financial year. This number includes an estimate for claims incurred but not yet reported.

Past annual reports are available from Documents A-Z.