# WorkSafe Victoria WorkSafe Victoria is an Insurance based in Geelong, Australia. ## Overview - **Organization type:** Insurance - **Headquarters:** Geelong, Australia - **Region:** Oceania - **Address:** 1 Malop Street, Geelong, VIC 3220, Australia - **Founded:** 1985 - **Assets under management:** Undisclosed - **Website:** www.worksafe.vic.gov.au - **LinkedIn:** https://www.linkedin.com/company/worksafevictoria ## Regulatory record - **Reports private funds:** No ## About WorkWell is a Victorian WorkSafe program launched in partnership with the Department of Health and Human Services. It prioritizes mental health and wellbeing in the workplace. WorkSafe Victoria has made one investment, in SuperFriend, as part of a grant on September 4, 2018. ## Sectors - Infrastructure - Real Estate - Private Credit ## Offices - Ballarat, VIC, Australia - Bendigo, VIC, Australia ## People - Cathy Henderson — Chief Executive Officer - Bob Cameron — Chair of the Board ## Questions ### How does WorkSafe Victoria's investment portfolio support its insurance obligations? WorkSafe Victoria invests employer premiums to fund future workers' compensation claims. Its long-dated liability profile drives an allocation across infrastructure, real estate, and private credit—asset classes that generate inflation-hedged, yield-oriented returns matching the multi-decade payout schedule for seriously injured workers. The objective is fully funding the scheme's liabilities, not maximizing investment returns in isolation. ### Who oversees investment decisions at WorkSafe Victoria? Investment governance sits with WorkSafe Victoria's Board, chaired by Bob Cameron, a former Victorian Government Minister. The Chief Executive Officer, Cathy Henderson, holds executive responsibility for the organization's operations and strategic direction. Investment staff and external consultants report through an internal investment committee structure that recommends asset allocation and manager selection to the Board. ### Is WorkSafe Victoria's portfolio managed internally or through external fund managers? WorkSafe Victoria uses a combination of internal management and external mandates. Direct property holdings include its owned headquarters at 1 Malop Street, Geelong. Global infrastructure and private credit allocations are implemented primarily through external fund managers, giving the agency access to specialized origination capabilities in markets outside Australia. ### How is WorkSafe Victoria related to the Transport Accident Commission? Both WorkSafe Victoria and the Transport Accident Commission (TAC) are statutory authorities of the Victorian Government, co-located in Geelong as the state's social insurance cluster. They share certain Board appointments and collaborate on administrative and investment operations, though each retains a separate statutory mandate—WorkSafe covers workplace injuries while TAC covers transport accidents. ### What investment stages or structures does WorkSafe Victoria target in private credit? WorkSafe Victoria's private credit program focuses on global direct lending, mezzanine debt, and specialty finance opportunities. The allocation aims to capture illiquidity premiums over publicly traded bonds while maintaining sufficient credit quality to meet the scheme's ongoing claim payment obligations. Specific fund commitments are disclosed in the organization's annual reports. ### Where does WorkSafe Victoria's capital originate? All capital derives from compulsory workers' compensation premiums paid by every employer operating in the State of Victoria, Australia. The premium rates are set annually by WorkSafe Victoria's actuaries, calibrated to each industry's risk profile and the scheme's projected long-term liability. Employer premiums represent the sole funding source; no taxpayer appropriations or shareholder capital are involved. ## Related profiles - [Workplace Safety and Insurance Board](https://altss.com/profile/workplace-safety-and-insurance-board) - [WorkSafeBC](https://altss.com/profile/worksafebc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/worksafe-victoria Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology