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Strategic plan and Annual report

Strategic plan

WorkCoverSA's Strategic Plan 2008-2011 steps-out a path for WorkCover to achieve its vision of best possible recovery, faster return to work. The plan has been developed in conjunction with staff and stakeholders.

Strategic plan

As an organisation there are four key areas of performance that will determine our success in the future, that is:

  1. Return to work
  2. Financial performance
  3. Scheme integrity
  4. Stakeholder satisfaction.

In order to achieve the four critical success factors mentioned above, we will focus on the following five strategic priorities:

  1. Working with our strategic partners, especially Employers Mutual, to improve injury and case management outcomes
  2. Fostering a return to work culture
  3. Implementing legislative reform
  4. Replacing our legacy IT systems (Project harry and WIRE)
  5. Encouraging an achievement culture.

The targets that we aim to achieve in this three-year period of the 2008-2011 strategic plan continue to be challenging - we cannot deliver improvements or change alone. We rely on the commitment and support of our stakeholders and key partners, and we remain committed to working together to achieve the best possible outcomes for the South Australian community.

The strategic plan will be updated to include specific targets for each critical success factor in September once the June actuarial valuation is considered.

WorkCoverSA Strategic Plan 2008-2011 [304 KB]

Past corporate plans are available from our document listing.

Annual report

This is our main corporate report to stakeholders and members of the South Australian community. It includes:

  • full financial details of the SA Workers Rehabilitation and Compensation Scheme
  • a simplified financial statement and a chapter reporting on our financial performance
  • statements from the Chair and CEO
  • workplace claims statistics.

Annual report

WorkCoverSA annual report 2008-09 - in full [2.96 MB]

WorkCoverSA annual report 2008-09 - performance summary [756 KB]

WorkCoverSA annual report 2008-09 - achievements (Sections 1-4) [1.23 MB]

WorkCoverSA financial statements 2008-2009 [4.07 MB]

WorkCoverSA report from Finity Consulting Pty Ltd [303 KB]

For an overview of the Scheme and more detailed claims statistics, you may like to read this publication - WorkCoverSA At A Glance

Year in brief

  • Scheme funding at 30 June 2009 was 56.7%
  • The average levy rate remained at 3.00%
  • WorkCoverSA achieved an actuarial release of $171.2m against our strategic plan target of $60.1m
  • WorkCoverSA’s outstanding claims liability fell to $2.38b
  • WorkCoverSA’s investment portfolio recorded a negative return on investment of 10.0%
  • WorkCoverSA’s unfunded liability grew to $1,059m, after a loss of $75m
  • There were 19,720 claims incurred from workers employed by registered employers
  • There were 5,440 income maintenance claims incurred from workers employed by registered employers
  • There were 6,750 active income maintenance claims at 30 June 2009
  • Approximately 77% of injured workers either do not lose time off work, or return to work within two weeks after injury

Past annual reports are available from Documents A-Z.