Victoria will not raise WorkCover premiums for 2025-26

The Victorian Government has announced that the average premium rate for WorkCover will remain unchanged in the forthcoming financial year.

Deputy Premier and Minister for WorkSafe and the TAC, Ben Carroll said the average premium will be maintained at 1.8 percent for a third year in a row, while further bolstering assistance for workers to regain their health and return to work.

“WorkCover is about standing by people – giving workers peace of mind and helping businesses through tough times. We’ve strengthened the scheme so it can continue to deliver on that promise,” the minister said.

“We are taking a balanced approach to ensuring the long-term viability of Victoria’s workers compensation scheme and passing on the benefits directly to workers and employers.”

Since the financial year 2023-24, the average premium rate has stayed the same, following the Government's introduction of reforms to update the WorkCover Scheme, ensuring it remains financially viable and continues to assist injured workers moving forward.

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