Self Insurer Licence - New South Wales

Service summary

This licence will allow you to manage your own workers compensation claims instead of paying workers compensation premiums to a licensed insurer. Workers compensation is a system whereby an employer must pay, or provide insurance to pay, the lost wages and medical expenses of an employee who is injured on the job.

This licence may be granted to an employer (single licence) or to a holding company and all wholly owned subsidiaries (group licence). Gaining this licence will provide you with full responsibility for the payment of claims liabilities and for the management of those claims. You will also be liable for any associated risk.

Self-Insurance can provide:

  • better work health and safety conditions
  • fair and equitable treatment
  • improvement in rehabilitation and injury management.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

In order to be eligible for this licence you must:

  • prove you have a minimum of 500 workers in NSW
  • prove you have the financial viability and strength to fund future claims liabilities
  • prove you have appropriate internal (or outsourced) resources to manage claims and injured workers from the first day of the licence
  • prove you have an effective work health and safety management system to prevent injuries occurring.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

A licence will be granted for a standard period of 3 years and be capable of renewal for further 3 year periods.

Fees

 TypeAmountDescription
ApplyApplication$25,000.00General licence.
Application$30,000.00Group self insurer licence.

Forms

 Resources
Apply

Application for Self Insurer Licence - Please consult the Contact Officer for information on forms to be submitted.

Lodgement

Apply

You should contact the Agency prior to lodging an application.


Administering agency

Department of Finance, Services and Innovation
State Insurance Regulatory Authority

Act(s) name

Workers Compensation Act 1987 (New South Wales)

Regulation(s) name

Workers Compensation Regulation 2016 (New South Wales)

Contact details

Self and Specialised Insurers
Department of Finance, Services and Innovation
State Insurance Regulatory Authority


Operating address:
Level 25
580 George Street
Sydney, New South Wales 2000

Phone:

13 10 50
self&specialisedinsurers@sira.nsw.gov.au

Website:

State Insurance Regulatory Authority Opens in a new browser window

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

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