business.gov.au

Workers' Compensation Insurers Licence - Tasmania

Description

You will need this licence if you intend to provide workers' compensation insurance policies to employers. Workers' compensation is compensation payable to a worker who suffers an injury or disease arising out of or during their employment. A workers' compensation insurance policy insures employers against workers' compensation claims made by their employees.

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:

  • have sufficient financial resources and evidence of your ability to satisfy the Australian Prudential Regulatory Authority standards
  • be able to meet the data reporting requirements
  • demonstrated a high standard of claims management
  • demonstrated a high standard of proven injury management practices.

Duration

As specified

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fee information is in the attached cost resource.

Forms

Act(s) name

Workers Rehabilitation and Compensation Act 1988 Tasmania

Regulation(s) name

Workers Rehabilitation and Compensation Regulations 2021 Tasmania

Approval time

90 business days

Administering agency

Department of Justice

WorkSafe Tasmania

WorkCover Tasmania

Contact details

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