The inquiry into the NSW workers comp scheme is holding a hearing with Treasury officials - they tell us they don't know who approved employees paid for by icare working out of the Treasurer's office. parliament.nsw.gov.au/pages/macquari…
The arrangements were against the law, all paid for with money meant to go to injured workers. And we can't confirm if the Treasurer or the Liberal Party will be required to pay it back.
No security or police checks done for these employees despite all the extremely sensitive , confidential and potentially extremely valuable information in the Treasurer’s office. This was a direct failing of the Treasurer.
"Getting information (from icare) was difficult" says the Secretary of NSW Treasury.
The secretary of NSW Treasury just admitted that it “reads” like icare was deliberately withholding information.
Just the workers compensation part of icare (and it manages 5 different insurance schemes) had an underwriting loss of $2.275 BILLION last financial year. That was more than the entire State budget surplus.
One of the solutions being considered by NSW Treasury to the scandal and mismanagement of icare is to privatise it. This would just make things even worse for injured workers. Privatisation fails every time.
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