The Hidden Barrier to Safer Workplaces: Financial Literacy in OHS

Australia’s occupational health and safety (OHS) has improved over the decades. Yet, preventable injuries and fatalities persist—over 180 quad bike deaths since 2011, for example, with rollovers leading the charge. We have regulations, campaigns, and a national body in Safe Work Australia, but something’s still missing. Why aren’t workplace redesign efforts—like fitting rollbars on quads or rethinking production systems—more widespread? The answer might lie in a hidden barrier: the WHS profession’s shaky grasp of financial literacy, compounded by the stranglehold of financial underwriting models and capital market expectations. Maybe it’s time we admit that the safety game isn’t just about risk assessments—it’s about money, and we’re not playing it well enough.