Workers compensation indexation
The Workers Compensation (Indexation of Amounts) Amendment Order 2016 (NSW) and the Workers Compensation Amendment (Latest Index Number) Regulation (No.2) 2016 will commence on 1 October 2016 and will be published on the Legislation NSW website. The object of the first order is to notify the number that equates to the factor B/C - used in the formula for calculating the variation of the weekly payment to be paid to a worker under section 82A of the Workers Compensation Act 1987. That section provides that weekly payments are to be varied on 1 April and 1 October in each year. The second order updates a number used in the indexation of benefits.
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