Outcomes from 13 September 2021 SRCC meeting (News)
21 September 2021
At the meeting, the SRCC considered a self-insurance licence application for Telstra Limited and self-insurance licence variation application of Telstra Corporation Pty Ltd.
Below are the outcomes from the 13 September 2021 SRCC meeting.
Grant of licence to Telstra Limited
The SRCC agreed to grant Telstra Limited a self-insurance licence under section 102 of the Safety, Rehabilitation and Compensation Act 1988 contingent on the provision of a suitable guarantee and reinsurance policy.
The SRCC agreed that the licence will commence from 12.01am (AEDT) on 9 December 2021 for a period ending at midnight (AEST) on 31 December 2029.
Self-insurance licence variation applications
The SRCC agreed to vary the licence of Telstra Corporation Pty Ltd by prescribing Telstra Limited as the contracted claims manager and as the contracted reviewer, from 9 December 2021.