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Premium calculator

he ReturnToWorkSA premium calculator is provided for employers registered with us to help them calculate the annual premium they are likely to pay for their work injury
nsurance. It is not suitable for self-insured employers or employers participating in retro-paid loss arrangements.
nstructions
. Select your calculation type -initial or hindsight calculation. This will change your data requirements.
. Enter your eight digit employer number and name. This is used for reference purposes when you print, this will be included on each page.
. Select whether this is your first full year registered with ReturnToWorkSA.
. In the table, use a separate line for each registered location. Insert the location claims costs, South Australian Industrial Classification (SAIC) code, location remuneration (all
workers) and apprentice remuneration.
. Click on the calculate button and go to the spreadsheet to view your estimated premium.
Determining your claims costs
our claim costs equal the total income support paid in the previous financial year where the date of injury occurred in the previous three financial years. You can use your Employer
laims summary report to identify claim costs. Please contact ReturnToWorkSA to obtain a copy if you do not already have one.
he claim costs included in the premium calculation is an adjusted version of the claim costs included in your Employer claim summary. The following criteria should be used when
ntering your data:
exclude any claims that are coded as unrepresentative.
include all claims with a date of injury in the relevant window.
look at the relevant financial group (i.e. income support).
add up the income support costs for all the claims associated with the location and enter into the spreadsheet.
Need help?
you have any queries regarding premium calculation arrangements or the use of this calculator, please call ReturnToWorkSA on 13 18 55 or email
nfo@rtwsa.com
Disclaimer
ReturnToWorkSA has developed this calculator to help you estimate your premium. When using this calculator, you acknowledge that:
ReturnToWorkSA does not give any warranties or representations in relation to the accuracy, reliability or completeness of this calculator
The calculator and its results do not constitute a formal premium notice or invoice
You must make your own independent assessment of the accuracy, reliability and completeness of the Premium Calculator and its results
To the maximum extent permitted by law ReturnToWorkSA, its officers, employees, agents or advisers do not accept any liability for any loss whatsoever (including without
mitation any liability arising from any fault or negligence on their part) arising from the use of this calculator and its results.
Additional terms and conditions applicable to this calculator are published at
www.rtwsa.com/terms-and-conditions
Premium calculator
Premium period 2015-16
Calculation type Initial premium payable for 2015-16
Employer number
Employer name
First full year N

2014-15 2015-16
Location Estimated Estimated
SAIC
Claim costs Remuneration Apprentice
code
for all workers Remuneration

Employer total $0 $0 $0
Disclaimer
By using this worksheet you acknowledge acceptance of the terms on the 'Background and Instructions' tab of the workbook.

ReturnToWorkSAs general terms and conditions contained on this website apply to the premium calculator.
www.rtwsa.com/terms-and-conditions

Printed 03/27/2017
Premium calculator
Employer number 0 Employer name 0
Premium period 2015-16 Calculation type Initial premium payable for 2015-16
2014-15 2015-16
Base premium Apprentice base
Estimated Estimated Industry rate for
SAIC code Location (BP) for premium (ABP) for
Claim costs Remuneration Apprentice 2015-16
2015-16 2015-16
for all workers Remuneration
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
000000 $0 $0 $0 $0 0.000% $0.00 $0.00
$0 $0 $0 $0 $0 $0.00 $0.00

Employer premium calculation


Base premium (BP) $0.00
Less discount factor adjustment $0.00
Plus claim costs adjustment $0.00
Less apprentice base premium (ABP) $0.00
Premium payable (excludes GST & WHS) $200.00 Minimum premium applied.

ReturnToWorkSA has developed this calculator to help you estimate your premium. This calculation does not include:
Supplementary payments that may have been imposed
Adjustments made to the premium calculation for new employers registering with the scheme
Allowance for calculating the premium of employers whose location details have changed during the premium period
Allowance for calculating the premium where a transfer of business (e.g. purchased existing business etc.) has occurred
GST or WHS fee.
Please refer to the disclaimer for further details. For more information about premium calculations, please visit
www.rtwsa.com
Disclaimer
By using this worksheet you acknowledge acceptance of the terms on the 'Background and Instructions' tab of the workbook.
ReturnToWorkSAs general terms and conditions contained on this website apply to the premium calculator.
www.rtwsa.com/terms-and-conditions

Printed 03/27/2017

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