NIBA Calls for Measured, Consultative Approach to Workers' Compensation Reform

The NSW Parliament has taken further steps in considering the Workers Compensation Legislation Amendment Bill 2025, with the Bill now referred to a second parliamentary inquiry for further scrutiny. 

Late Thursday afternoon, members of the NSW Legislative Council voted to refer the Bill to the Public Accountability and Works Committee.

This move follows concerns from unions and other stakeholders about proposed changes affecting access to long-term psychological injury compensation.  

As a result, the Committee will now conduct a second inquiry, including an examination of the modelling and financial projections used to inform the development of the Bill, and table a report at a yet to be announced date. 

Following the release of draft legislation last month, NIBA has engaged with a number of crossbench and opposition members, most recently meeting with the Shadow Treasurer, the Hon. Damien Tudehope. These discussions have focused on the need to protect injured workers, provide certainty for businesses, and ensure the economic viability of the scheme.  

“NIBA has always taken a pragmatic, outcomes-focused approach to policy and regulatory engagement, and it is in this spirit that we have been working with all sides of Parliament to support meaningful reform,” said NIBA CEO Richard Klipin. “We value the important role of the Public Accountability and Works Committee in guiding this process and welcome the opportunity for continued engagement as its work progresses.” 

NIBA will continue to represent the broking profession throughout the next phase of consultation and will provide further updates as the inquiry develops.