Whilst care has been taken in the preparation of our Publications, we take no legal responsibility for any inaccuracies that might be contained herein.
Our Publications have been developed over many years with the helpful input from users. If you have any ideas or comments which you consider may assist your practice, please contact us at mail@fcspl.com.au .
The Furzer Crestani Services Assessment Handbook provides helpful information in assessing economic loss matters, particularly personal injury claims.
An Information Paper released by the Australian Bureau of Statistics ("ABS") in August 2009 (Catalogue 6302.0.55.002) described changes in respect to the publication Average Weekly Earnings, Australia (Catalogue 6302.0) brought about by the implementation of the new Australian and New Zealand Standard Industrial Classification ("ANZSIC 2006").
In 2002, the ABS and Statistics New Zealand commenced a substantial review of the relevance of the industry classifications and determined that since the release of the original classification in 1993 ("ANZSIC 1993"), significant changes in industrial and business activities had occurred in Australia and New Zealand.
As a result, ANZSIC 2006 provides a more contemporary and internationally comparable industrial classification system than ANZSIC 1993, including the recognition of a range of new economic activities.
One impact of the redevelopment of ANZSIC is an increase in the number of industries, i.e. ANZSIC 1993 was separated into 17 industries, whereas ANZSIC 2006 incorporates 19 divisions. A new classification of "Information media and telecommunications" has been introduced and the classification "Property and Business Services" as well as some other services, has been rearranged into 3 new divisions, being "Rental, hiring and real estates services", "Professional, scientific and technical services" and "Administration and support services".
Accordingly, the AWE series from August 2009 (release on 19 November 2009) reflects the implementation of ANZSIC 2006 and will publish data from August 1994.
Pages 4, 6 and 8 to 10 of the Assessment Handbook have been prepared on the basis of ANZSIC 2006.
For historical purposes only, prior to the release of the ANZSIC 2006 data, information was prepared by the ABS on 2 bases and have been summarised as follows:
This Handbook has been prepared to provide a helpful guide to use when assessing economic loss matters in relation to the Australian Capital Territory Workers Compensation Act 1951.