icare is a state-run, insurance corporation. It is owned by the New South Wales Government.

Its primary purpose is to provide workplace injury insurance.

History

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It was formed in September 2015 through the commencement of the State Insurance and Care Governance Act

It succeeded the since-abolished WorkCover Authority of New South Wales. This followed a recommendation that WorkCover have its insurance and workplace safety investigation roles separated.

In 2020 a joint investigation by ABC News and The Age found that the organization was losing hundreds of millions of dollars per year, and had serious mismanagement issues.[1][2]

Governance

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Its board is accountable to the Treasurer of NSW, who appoints the board and CEO.[3]

See also

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References

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  1. ^ "'Hit them in the pocket': Disturbing conversation between employer and QBE insurance revealed". www.abc.net.au. 27 July 2020. Retrieved 10 August 2020.
  2. ^ "As executive salaries soar, Australia's biggest workers compensation scheme faces financial disaster". www.abc.net.au. 26 July 2020. Retrieved 10 August 2020.
  3. ^ "Best in class Insurance & Care Services for the People of NSW". www.icare.nsw.gov.au. Retrieved 10 August 2020.