Compensation improved
High-income earners will be better off under an amendment to the Accident Compensation Act, which became effective this month. The amendment allots for payment based on the first $3OO of lost weekly income, instead of on the first $3OO of an injured person’s weekly earnings.
A person earning $550 a week, whose earnings drop to $350 a week because of personal injury by accident, will receive 80 per cent of his lost income of $2OO. Formerly he would have received no compensation because he was still earning more than the maximum $3OO a week.
A person earning $4OO a week whose earnings drop to $l5O a week, will now receive 80 per cent of $250. Formerly he would have received 80 per cent of $l5O. The amendment was passed in the late stages of the last Parliamentary sitting.
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Press, 2 December 1978, Page 23
Word Count
140Compensation improved Press, 2 December 1978, Page 23
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