Mar 13th 2026 |
WorkSafe Victoria announces half-year financial results
WorkSafe Victoria announces half-year financial results
In short: WorkSafe Victoria has released its half-year results for the six months to December 2025, reporting an EIR surplus of $650 million, a $1.46 billion net result after tax, and funding at 115.9 percent — just under the 120 percent long-term benchmark.
The recently published half-yearly results reveal that WorkSafe Victoria's financial status is progressively improving. Results show the Economic Insurance Result (EIR), the principal performance indicator for Victoria's workers compensation scheme, recorded a surplus of $650 million.
During the six-month period ending in December 2025, a net surplus after tax of $1.46 billion was primarily driven by investment returns that exceeded expectations and improved economic conditions.
The insurance funding ratio of WorkSafe, a vital metric for assessing the health of the scheme, has risen slightly to 115.9 percent, but it is still below the 120 percent benchmark considered necessary for long-term financial viability. See full details on the WorkSafe Victoria website.
Half-year results at a glance
- EIR: $650 million surplus, the leading measure of financial performance.
- Net result after tax: $1.46 billion, lifted by stronger investment earnings.
- Funding ratio: 115.9 percent, still short of the 120 percent target.
- Direction of travel: a clear turnaround from the after-tax net loss recorded during weaker reporting periods.
Why this news matters to Victorian employers
Recovery in fund finances points toward steadier premium settings, though regulator attention on injury prevention and rehabilitation management has not eased. Duty holders must still show documented systems, current training records and clear evidence of compliance with Victorian OHS legislation.
Inspectors examine how hazard management operates day to day, not merely whether folders sit on a shelf. Reliable risk management links planning documents, site inspections, consultation and incident reporting into one dependable framework.
Aligning safety management with regulator expectations
Sound governance begins with a written framework. An OHS management system sets out responsibilities, hazard controls, emergency procedures and review cycles, giving supervisors a single reference point for daily decisions.
Our OHS Manual for Victoria supplies that structure in editable form, ready for prompt rollout across projects, depots and facilities.
Core elements of an effective management system
- Policy statements with clearly defined responsibilities
- Hazard identification, risk assessment and control records
- Consultation, toolbox meetings and reporting channels
- Induction, training and competency verification
- Monitoring, auditing and continual improvement
Documentation services that support compliance
Businesses across construction, manufacturing and health care rely on ready-made documentation services to close gaps quickly. Rather than drafting every procedure from the ground up, teams adopt professionally written templates, then tailor wording to their operations, plant and people.
Our services cover trade services, manufacturing, transport, mining and community services providers, with safety documentation written by qualified practitioners and reviewed against current standards.
Businesses delivering essential services on client sites often need approved SWMS before mobilisation. The Architectural SWMS Pack for Victoria bundles high-risk work documents that design and construction services teams request most.
Industries our document services support
- Construction, civil and engineering services
- Manufacturing, plant and maintenance services
- Transport, warehousing and logistics services
- Facility, cleaning and grounds services
- Aged care, disability and support services
- Utility, energy and emergency services
Environmental obligations sit alongside occupational health duties on most projects, so our Environmental Plan for construction in Victoria pairs neatly with broader document services during tender submissions. Editable packs also suit labour hire and specialist services businesses that must satisfy client prequalification.
Management priorities that keep the fund sustainable
Prevention lowers injury costs, which strengthens fund results over time. A strong safety record also supports steadier premium outcomes. Core management priorities for Victorian employers include:
- Risk management: registers, assessments and control hierarchies for high-risk work
- Supplier management: prequalification, induction and review checklists
- Chemical management: registers, SDS records and storage procedures
- Plant management: pre-start records, maintenance logs and isolation permits
- Emergency management: evacuation plans, warden duties and drill records
- Environmental management: waste, noise, dust and water controls
- Injury management: return-to-work planning, communication logs and rehabilitation support
- Training management: competency matrices, induction registers and refresher schedules
- Document management: version control, distribution lists and scheduled reviews
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