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The Workers Compensation “Prescribed Amount”

4 June 2014
The Workers Compensation “Prescribed Amount” for this coming financial year has increased by just over 3% from $206,742.00 to $212,980.00. As many Workers Compensation entitlements depend upon the Prescribed Amount, this increases those benefits. No doubt, the thresholds on damages under the Civil Liability Act 2002 will also be increased. Currently these are: Amount A $19,000, Amount C $57,500 and Amount B $6,500.

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