All Victorian employers that pay more than $7500 in wages per financial year, or employ apprentices or trainees are required to register with WorkSafe. Your registration form must be received within 60 days of the date you first meet these requirements.
The purpose of this compulsory insurance arrangement is to provide your business with insurance coverage for the cost of workers compensation entitlements if any of your workers are injured or become ill because of their work. Entitlements may include replacement of lost income, medical and rehabilitation treatment costs, legal costs or, in the event of a serious injury, lump sum compensation.
Sole-traders or partners to a partnership are not considered to be employees for insurance purposes. However, directors and executive officers of a company who are paid wages are considered to be employees.
Please consult the responsible agency for more information.