Applying for a self insurance licence

Once declared eligible by the Minister an organisation may then apply to the SRCC for a self insurance licence.

The self insurance licence application must contain those elements as set out in the Safety, Rehabilitation and Compensation Regulations 2002 (Part 4).

The licence application must:

define the scope of the licence
be signed by the organisation’s principle officer
include the applicant’s organisational structure, ABN, location and number of employees
include details of the organisation's:
- financial and insurance details
- consultation processes
- rehabilitation management
- benefit delivery arrangements
- preventative measures
- arrangement to secure liabilities
- claims management system.

Once all this information is provided, then the SRCC will consider the licence application.