SRCC grants self-insurance licences
The Safety, Rehabilitation and Compensation Commission (the Commission) yesterday granted licences to selfinsure under the Commonwealth’s workers’ compensation scheme to TNT Australia Pty Ltd and Transpacific Industries Pty Ltd. The licences will commence on 1 July 2008.
The licences are granted under Part VIII of the Safety, Rehabilitation and Compensation Act 1988 (the SRC Act) and ensure that employees of TNT and Transpacific will be covered by the Comcare occupational health and safety, rehabilitation and workers’ compensation scheme.
In reaching its decision to grant the licences, the Commission was satisfied that TNT and Transpacific met the requirements of the legislation in respect of their financial capacity to discharge their liability to pay compensation in respect of their employees, their capacity to meet the Commission’s standards for claims management, and that the granting of the licence is not contrary to the interests of their employees. Importantly, the companies met the high standards set by the Commission for the occupational health and safety and rehabilitation of their employees.
The Commission deferred a decision on an application from Fleetmaster Services Pty Ltd until its meeting in September 2008 to enable it to obtain and consider further information relevant to the licence application.
The Commission noted that the Deputy Prime Minister and Minister for Employment and Workplace Relations, the Hon Julia Gillard MP, had announced a moratorium on the acceptance of new applications from private sector corporations wanting to move to the Comcare scheme. The Deputy Prime Minister also announced that applications from companies that had already been declared eligible to apply for a selfinsurance licence should be considered on their merits. The three companies had been declared eligible to apply for a licence before the announcement of the moratorium.
The Commission also took into account information concerning the licence applications provided by a range of stakeholders, including relevant unions and State and Territory OHS regulators.
The Commission also granted licence extensions to John Holland Group Pty Ltd, John Holland Rail Pty Ltd, John Holland Pty Ltd, National Australia Bank Limited, National Wealth Management Services Limited and K&S Freighters Pty Ltd. In each case, the licence extensions were granted to 30 June 2012.
Les Taylor
Chairman
Safety, Rehabilitation and Compensation Commission
-Ends-
Media enquiries:
Tom Firth
Ph: (02) 6275 0650
Email: media@comcare.gov.au
Media Release - SRCC Grants Self-Insurance Licences [pdf version]
Contact:
Phone:
Copyright | Privacy | Disclaimer | Site Map | Help Text size: 
