The Abbott Government has committed $2 billion to help injured workers through the AOAC accident fund.
Key points:The Government is committed to provide $2.5bn in compensation to workers affected by AOIC accidentsThe fund is being created through the Government’s accident recovery fundThe money is being earmarked for workers affected through the Australian Workers Compensation SchemeThe ABC’s John Campbell reportsThe Government announced the accident fund last week, after a series of events including the killing of two workers by a bulldozer at a construction site.
It was initially announced in July and would be funded through the National AOICA fund.
In a statement, the Government said the fund would be administered by the Department of Industrial Relations and would cover workers affected “by any workplace incident or incident of an unknown nature”.
“This fund will be administered as a joint venture between the Department and the State Government,” it said.
It is unclear if the fund will provide for compensation to employees injured during construction.
The AOICO accident fund is currently administered by a different Department of Industry, Trade and Investment.
In May, the AOGIC accident fund was administered by its own Department of Infrastructure, Communities and Local Government, but the Department is not directly responsible for the fund.ABC Fact Check looks at the fund’s purpose and history.
Key areas in the AOCA accident fundThe fund will fund workers injured in an accident and their families.
The fund, which will cover workers who are “subject to an AOCC or a similar insurance program, or have been injured while working on site”, is expected to cover a total of $2,521,000.
The Government’s announcement is one of the first concrete details about the accident recovery scheme.
In June, the Federal Government announced $1.7 billion in funds for injured employees, which was in addition to $3.1 billion already earmarked by the State.
The $2billion fund was announced as part of the Government-funded Labor Government’s $1 billion road and rail fund.
The ABC has contacted the Government for comment on the new fund.