business.gov.au

Self-insurance licence - Queensland

Description

You will need this licence to manage your own workers' compensation claims instead of paying workers' compensation premiums to the agency. Workers compensation is a system where an employer pays, or provides 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 is only available to large organisations that employ at least 2000 full-time employees in Queensland.

Service type

Licence

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

Eligibility requirements

To be eligible for this licence, you must:

  • employ at least 2000 full-time workers in Queensland
  • have satisfactory occupational health and safety (OHS) performance
  • have re-insurance cover
  • have rehabilitation and return to work coordinators based in Queensland
  • have a workplace rehabilitation policy and procedure
  • meet the minimum requirements regarding financial strength and capability
  • have resources available for claim and rehabilitation management based in Queensland
  • be able to provide claim-related information.

Duration

Licences are issued for periods of up to four years, with the initial licence being for two years

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $15375.00

Non-refundable application fee to become a self-insurer for single employers. Fees for 2023-24.
Apply Application All $20500.00

Non-refundable application fee to become a self-insurer for group employers. Fees for 2023-24.
Apply Application All $1495.66

Fee for preparing your WHS performance report for single employers. Fees for 2023-24.
Apply Application All $1990.68

Fee for preparing your WHS performance report for group employers. Fees for 2023-24.
Apply Application All -

An annual levy charged from the start date to the end of the next financial year. Please contact the agency for more information.

Approval time

Up to six months

Transfer

You cannot transfer this licence

Administering agency

Office of Industrial Relations

WorkCover Queensland

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.