CONTRIBUTIONS RATES

Contribution Rates

Employers are required to pay contributions in accordance with the constitution covering CIP. All eligible workers, whether full-time, part-time or casual are entitled to receive contributions. Contributions must be maintained for all workers once commenced whether they are on EBA sites, other commercial sites or domestic sites, including when a worker has lodged a claim under the fund. Regardless of the absence ie; on workcover, annual leave, leave without pay, the constitution requires weekly payments to be contributed whilst the employee is employed.

The weekly CIP Contribution Rate is set to increase effective March 2017  

The following sets out the weekly contribution rates payable to CIP:    

Building Industry

  • From March 2017 contribution period - $31.70 per person, per week (including GST)

White Collar workers

  • From March 2017 contribution period - $31.70 per person, per week (including GST)

Civil Industry

  • From March 2017 contribution period - $31.70 per person, per week (including GST)

Major Projects

  •  No change - $44.50 per person, per week (including GST)

The Construction Income Protection (CIP) Limited Board has decided, after receiving actuarial advice to increase employers' premium contribution rates and worker maximum benefits to ensure the Scheme remains the best value income protection scheme for employers and employees in the building and construction industry.

While increases are never welcome the Board is committed to provide as much tendering certainty as possible and to maintain the relevance of the benefits of the scheme for injured and sick members.

While the below amounts could be varied for unforeseen changes in the market, the Board is reasonably confident that the new contribution rates can be sustained over this period.

CIPL Important Notice

Please Note: From 14 November 2016, tax is withheld from gross weekly benefits by QBE as per ATO guidelines.

Download QBE Notice here

For more information, please contact Total Claims Solutions on (07) 3230 9300.