Levy rate increase to $50 per berth – effective 1 October 2019 (News)
Levy rate increase.
At its 14 March 2019 meeting, the Seacare Authority agreed on the need to increase this levy rate as the current rate was not sufficient to maintain the Fund’s target reserves. Without this change, there is significant risk the scheme may become unviable.
The Seacare Authority recommended to the Hon Christian Porter MP, Minister for Industrial Relations, that the levy rate be increased from $25 per berth to $50 per berth. The Minister has agreed to this recommendation, and the Governor-General has made the Seacare Rehabilitation and Compensation Levy Amendment Regulations 2019 following the Federal Executive Council meeting of 19 September 2019.
The increase to the levy will take effect from 1 October 2019, in line with the quarter two 2019‑20 berth and levy reporting period.
Should employers require further information, please contact the Seacare Secretariat at email@example.com.