Do I need to provide remuneration for both the previous and upcoming financial years in my employer remuneration return?

From July 2019, you can choose to have your premium calculated using the actual remuneration you paid your workers in the previous financial year, saving you time and giving you certainty over your insurance costs.

• By choosing to have your premium calculated based on actual remuneration (new process):
  • you will only need to provide the actual remuneration you paid your workers in the previous financial year
  • you will not need to provide estimated remuneration for the upcoming financial year, reducing the amount of information you need to provide and giving you more time to get on with running your business
  • ReturnToWorkSA will not adjust your premium at the end of the financial year, providing you with certainty of your insurance costs
  • you will still receive the same workplace injury cover
  • if your business experiences financial hardship during the year causing a significant decrease in remuneration you can apply for a premium adjustment during the year.

You can still choose to have your premium calculated using the estimated remuneration you will likely pay workers in the next financial year if this method better suits your business:

• you will need to provide the actual remuneration you paid your workers in the previous financial year AND the estimated remuneration for the upcoming financial year
• ReturnToWorkSA will adjust your premium at the end of the financial year when your actual remuneration is known – you will receive an additional bill or a refund.

Each year you can choose whether your premium is calculated based on actual or estimated remuneration.