Table 7.10: Requirements for surrendering a self-insurance licence and penalties for exiting the scheme Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:54 Requirements for surrendering a self-insurer licence Penalties for …
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Table 7.9: Reporting requirements Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:50 NSW Vic Qld WA SA Tas NT ACT C’wealth Comcare New Zealand Claims data Frequency Monthly Quarterly Monthly Monthly 14 days Monthly …
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Table 7.8: Other ongoing licence requirements Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:49 Compliance with legislation Ongoing licence requirements Other matters NSW Self-insurers must comply with the Workers …
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Table 7.7: Outsourcing of case management Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:48 Outsourcing allowed NSW Outsourcing claims management is permitted but does not remove the self-insurer’s responsibility to meet …
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Table 7.6: Self-insurance restraints on company structure Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:45 Restraints on company structure NSW An application for a self-insurance licence can be made by ‘any employer’ ( s …
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Table 7.5: Bank guarantees/prudential margins and excess of loss requirements Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:43 Bank guarantees/prudential margins Excess of loss requirements NSW Initial security equivalent …
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Table 7.4: Work health and safety requirements and auditing Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:42 Work Health and Safety Requirements Auditing NSW SIRA will assess the applicant’s commitment to safety, as well …
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Ongoing requirements Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:40 Most jurisdictions require an applicant for a self-insurance licence to meet a minimum standard for work health and safety and rehabilitation. In …
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Table 7.3: Approval process, application and ongoing costs and duration of licence Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:38 Applications process Application and ongoing costs Duration of license NSW A Self Insurer …
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Table 7.2: Criteria for becoming a self-insurer Member for 4 years 1 month Submitted by Anna Richardson on Fri, 2024-05-24 10:36 Number of employees Financial/prudential requirements NSW 500 employees in NSW, employees means permanent staff whether …