Workers' compensation insurance costs in Australia vary significantly because each state and territory operates its own legislative scheme with independent premium calculations. Premiums are generally determined by multiplying an employer's total leviable payroll by an industry classification risk rate, adjusted by their individual claims history performance. Low-risk industries like professional offices pay a very small percentage of payroll, whereas high-risk sectors such as construction, mining, and manufacturing face much higher premium rates to account for elevated occupational hazards.
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