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Calculating WorkCover on superannuation and gross wages

Some states calculate WorkCover premiums as a percentage of both gross wages and superannuation. In AccountRight, you'll need to create two separate payroll categories to calculate the WorkCover attributable to gross wages and that attributable to superannuation.

WorkCover premium calculations vary across businesses and jurisdictions, it's best to check with your accounting advisor for the best method for your business.

The 3% WorkCover Levy Rate used below is for example only. Check with the relevant authority in your state or territory for the current rate.