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icare: Australia’s $60b workers compensation system’s serious problems revealed – Sydney Morning Herald

A joint investigation into Australia’s $60 billion workers’ compensation system has uncovered serious problems.

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A key regulator has referred conduct at the nation’s largest workers’ compensation insurance scheme to the NSW anti-corruption authority amid repeated warnings about its deteriorating financial position and solvency risks.
Separately, the Victorian workers’ compensation scheme, which lost more than $800 million last year, has been accused by an ombudsman of presiding over immoral and unethical practices after external insurance agents were o…

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