| 30 June 2023 | 30 June 2022 | |
|---|---|---|
| NSW1 | Assets: $20,285m Liabilities: $22,070m Funding Ratio: 92% | Assets: $18,549m Liabilities: $19,795m Funding Ratio: 94% |
| Vic | Assets: $22,083.60m Liabilities: $26,154.80m Funding Ratio: 84.40% | Assets: $20,255m Liabilities: $23,938.60 Funding Ratio: 84.60% |
| Qld | Assets: $6,771m Liabilities: $4,874m Funding ratio: 139% | Assets: $6,267m Liabilities: $4,397m Funding ratio: 143% |
| WA | WA is a privately underwritten scheme, therefore this data is not available | WA is a privately underwritten scheme, therefore this data is not available |
| SA | Assets: $4,070m Liabilities: $4,297m Funding ratio: 94.7% | Assets: $3,801m Liabilities: $4,096m Funding Ratio: 92.8% |
| Tas | Tasmania is a privately underwritten scheme therefore this data is not available | Tasmania is a privately underwritten scheme, therefore this data is not available |
| NT | Northern Territory is a privately underwritten scheme therefore this data is not available | Northern Territory is a privately underwritten scheme therefore this data is not available |
| ACT | Australian Capital Territory is a privately underwritten scheme therefore this data is not available | Australian Capital Territory is a privately underwritten scheme therefore this data is not available |
| C’wealth Comcare2 | Liabilities: $1,698m Funding Ratio: 117% | Liabilities: $1,664m Funding Ratio: 124% |
| C’wealth Seacare | Seacare is a privately underwritten scheme, therefore this data is not available | Seacare is a privately underwritten scheme, therefore this data is not available |
| New Zealand | Assets: NZ$ 10,378m Liabilities: NZ$ 7,086m Funding Ratio: 146.4% | Assets: NZ$ 9,943m Liabilities: NZ$ 6,810m Funding Ratio: 146.0% |
1 The funding position is provided for the government insurer, Insurance & Care NSW which represents 74% of wages within New South Wales
2 Comcare data is, and has been in previous years, inclusive of risk margins and may not be directly comparable to publicly underwritten schemes.
Care should be taken when analysing the information above as the valuation of liabilities differs across jurisdictions. The funding ratios included in the Comparative Performance Monitoring (CPM) report 25th edition - Workers’ compensation funding ratios attempts to address most of the areas where differences occur by applying consistent definitions and assumptions.