Self Insurance
Under the Commonwealth workers’ compensation scheme, a licensee is an organisation approved by the Safety, Rehabilitation and Compensation Commission (SRCC) to meet the cost of its workers’ compensation liabilities and manage its own workers’ compensation claims.
Certain Commonwealth authorities and eligible private corporations may apply for a licence to self-insure under the Safety, Rehabilitation and Compensation Act 1988 (SRC Act). Licensees under the SRC Act are also covered by the Commonwealth’s Occupational Health and Safety Act 1991, thereby providing consistent health and safety arrangements.
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