The information contained below can be found on www.comcare.gov.au or follow the links provided.
This section provides some guidance for new self-insurance applications and outlines some parts of the process involved in becoming a licensee, and explains how a licence application is considered.
The Safety, Rehabilitation and Compensation Act 1988 (SRC Act) allows certain Commonwealth authorities and eligible Corporations to apply to the Safety, Rehabilitation and Compensation Commission (SRCC) for a license to self-insure their workers' compensation liabilities and/or claims management.
A self-insurance licence sets out the conditions licensees must meet to remain compliant with the SRCC's requirements of self-insurance. The conditions of licence are made up of general, prudential, and special conditions. For more information on licence conditions, please refer to the Commission's website for further details www.srcc.gov.au.
If you have any questions or need further assistance please email us at www.srcla.org.au.
The following outlines the broad factors that will be considered by the Commission in assessing whether an applicant should be granted a licence to self-insure under the Safety, Rehabilitation and Compensation Act 1988 (the SRC Act).
Becoming a licensee under the SRC Act is a two-step process:
- Step 1 - Eligibility for self-insurance for private corporations
- Step 2 - Applying for a self-insurance licence
This flow chart outlines the process involved in becoming a license.
Under section 104 of the Safety, Rehabilitation and Compensation Act 1988 (SRC Act), the Safety, Rehabilitation and Compensation Commission (SRCC) has the power to grant a licence to self-insure workers' compensation liabilities to eligible applicants. Under s105 of the SRC Act, the SRCC has the power to extend the term of a licence (renewal).
The SRC Act, the Safety, Rehabilitation and Compensation Regulations 2002, (SRC Regulations) and the Safety, Rehabilitation and Compensation Directions 2002 (SRC Directions) set out the requirements for a licence application, what must be contained in the licence application, the matters to be considered by the SRCC in deciding whether to grant a licence and the documentation to be supplied as part of a licence application.
Further details on the licence application requirements and the evaluation process are contained in the publication Guidelines for Licence Application Evaluation. The evaluation of licence applications is performed by Comcare on behalf of the SRCC.