The WIRC Act combines the existing Accident Compensation Act 1985 and the Accident Compensation (WorkCover Insurance) Act 1993 into a single Act.
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WorkSafe/WorkCover Victoria have put together a 2 minute video that explains the new WIRC Act.
Comparison Tables
VWA has prepared two comparison tables which list the clauses in the Accident Compensation Act 1985 and Accident Compensation (WorkCover Insurance) Act 1993, and the equivalent clauses in the Workplace Injury Rehabilitation and Compensation Act 2013.
The tables can be found here:
Further information - worksafe.vic.gov.au