DRAFT ONLY - NOT YET OPEN
Clich here for a guide to the Trainer's Lodgment of WorkCover Information process.
What is the Insurance Levy?
The levy collects 1% of prize money winnings on all Tab races with a goal to use the money to support Queensland Trainers in funding rising WorkCover premiums, contribute towards trainers public liability insurance (RQ funded), support improved WHS practices and assist in the management of WorkCover claims. Ultimately the levy is seeking to support trainers while encouraging a reduction in insurance claims through WHS support to prevent claims and claims management to efficiently manage claims.
How long will the Insurance Levy run?
The Insurance Levy was introduced on 1 January 2024 and will run for an initial trial period until 30 June 2025 (18 months).
Am I eligible to benefit from the levy?
If you are licensed Queensland Trainer, you will benefit from the insurance levy through the following;
- Trainers with WorkCover policies will receive a maximum of 30% of the premium reimbursed, representing approximately 80% of the total levy distribution. As the levy only ran for 6 months of this year, the reimbursement is expected to be considerably less than 30% (approximately 5-15%).
- Racing Queensland’s continued funding of Trainer Public Liability insurance through a partial subsidy through this levy (10% of levy).
- Access to improved WHS resources.
I have a WorkCover policy, how do I receive this year's reimbursement?
To receive access to the WorkCover reimbursement fund, RQ will provide access to an online portal where Trainers can upload evidentiary documentation. The portal will be open from 1 August 2024 to 30 September 2024. In order to be eligible to access the partial reimbursement of the premium (up to 30% of policy costs), trainers must:
- provide to RQ, proof of payment of the 2023/24 WCQ premium. Proof of payment is in the form of a receipt from WCQ detailing full payment.
- provide a full copy of the 2024/25 WCQ premium notice, detailing actual premium paid for the year 2023/24. This premium notice will be issued upon renewal of the WC policy for the 2024/25 financial year, issued around August each year.
- a Letter of Authority in the approved format, to act on behalf of the trainer. Click here to download a letter of authority template
- statutory declaration of truthfulness and accuracy. Click here to download a Statutory Declaration Form
- provide this information before 30 September 2024 (hard deadline).
RQ will send a text message to trainers reminding them of the opening of the reimbursement program on 1 August 2024. The reimbursement will be paid by October 31 2024. Instructions on how to collect the above information will be included in the portal submission form.
When can I apply for reimbursement?
RQ will send a text message to trainers reminding them of the opening of the reimbursement program on 1 August 2024. Trainers will be required to provide information to support eligibility through an online form via the Racing Queensland website. The form is not currently open and will be available from 1 August 2024. The port will close on 30 September 2024 after which no further submissions will be allowed. There will be a link on this page from 1 August 2024.
How much will I receive?
80% of the insurance levy has been allocated to the reimbursement pool. Eligible trainers will receive the percentage of their premium as a percentage of the total value of premiums submitted. For example, if 10 trainers submitted 10 premiums of $10 each in value (totalling $100), each trainer would receive 10% each of the total premium pool ($10). The maximum amount a trainer can receive is 30% of their total premium. Amounts above 30% will be provided back into initiatives that support the wider pool of trainers, including supporting the subsidy of the public liability premium, WHS initiatives, and claims management support. This is to ensure a fairer distribution across the whole trainer group.
When will my reimbursement be paid if I am eligible?
This year's reimbursement will be paid by October 31 2024. Trainers will be paid through the bank information on file with Racing Queensland.
How do I receive the reimbursement for next year?
To be eligible for the reimbursement for the period 1 July 2024 to 30 June 2025, trainers must:
- provide to RQ, proof of payment of the 2024/25 WCQ premium. Proof of payment is in the form of a receipt from WCQ detailing full payment.
- provide a full copy of the 2025/26 WCQ premium notice, detailing actual premium paid for the year 2024/25. This premium notice will be issued upon renewal of the WC policy for the 2025/26 financial year, issued around August each year.
- provide this information before 30 September 2025.
Who can I talk to about any questions I may have?
If you have questions, please reach out via the following:
Email: hvincent@racingqueensland.com.au
Phone: (07) 3869 9777 (Please request Risk and Compliance)
Post:
Risk and Compliance
Racing Queensland
PO Box 63
SANDGATE QLD 4017