Page 4507 - Week 14 - Thursday, 9 December 1993

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MINISTER FOR EDUCATION AND TRAINING

ACT LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 1048

Education and Training Portfolio - Compare

Premiums and Claims

MR CORNWELL - asked the Minister for Education and Training on notice on 19 October 1993:

In relation to Comcare Premiums

(1) Why has the premium for the Canberra Institute of Technology (CIT) increased by 115% for this financial year but the corresponding increase for your Department is only 10%.

(2) In (a) 1991-92 and (b) 1992-93 what were the numbers of

claims made and the average payout per claim for the CIT

and for your Department.

(3) Does the number of claims or the amount of payouts affect the premium charged; if so, how does this equate to the case of the CIT.

MR WOOD - the answer to Mr Cornwells question is: _

(1) The total Comcare Premium expenditure is related to the client institutions cost of claims, the client institutions total salaries expenditure and the claims history of the client group of which the institution is a member.

For the year 1992-93 all three factors were influential in increasing premium expenditure for CIT. The average cost of claims increased by 15.90 (6920 to 8022) and total salaries expenditure increased by 13.6% ($34.7m to $39.4m)

(2) 1991-92 1992-93

Number of Average Number of Average

Claims Payment Claims Payment

per Claim per Claim

CIT 53 $6,920 49 $8,022

Department of Education & Training 23 $5,490 237 $8,256

(3) The number of claims and their cost has a substantial impact on the premium rate. For CIT the number of claims was approximately the same. However, the average payout per claim increased by approximately 16%.

4507

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