Certain Commonwealth authorities and eligible private corporations may apply for a licence to self-insure under the Commonwealth workers' compensation legislation, the Safety, Rehabilitation and Compensation Act 1988 (SRC Act).
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On 2 December 2013, the then Minister for Employment Senator the Hon. Eric Abetz, announced the lifting of the moratorium placed on private corporations seeking a declaration of eligibility to apply to self-insure under the SRC Act.
Under the Commonwealth workers' compensation scheme, a self-insurer is an organisation approved by the Safety, Rehabilitation and Compensation Commission (SRCC) to meet the cost of its workers' compensation liabilities and manage its own workers' compensation claims.
Certain Commonwealth authorities and eligible private corporations may apply for a licence to self-insure under the SRC Act.
Becoming a licenced self-insurer – private corporations
Becoming a licensee under the SRC Act is a two-step process which requires a corporation to:
Step 1: apply to the Attorney-General and Minister for Industrial Relations for a declaration of eligibility to be granted a licence to self-insure under the Act.
To be declared eligible, applicants must demonstrate
- they are in direct competition with a Commonwealth Authority
- meet the criteria within the Guidelines.
For detailed information on the application process see the Applying for a Ministerial Declaration of Eligibility to self-insure under the Comcare Scheme fact sheet.
Step 2: submit an application for a license to self-insure workers' compensation obligations to the Safety, Rehabilitation and Compensation Commission (SRCC).
Information on the process to apply for a licence, once granted a declaration, is available on the Safety, Rehabilitation and Compensation Commission (SRCC) website.
Further information on the Commonwealth workers' compensation scheme can be found at the Comcare website.