You must meet all expenses associated with becoming a self-insurer, and the ongoing expenses associated with maintaining your permit. These include, but are not limited to:
- seeking approval of an Injury Management Program. See IMP information
- providing a Financial Undertaking from an approved financial institution. See financial undertaking information
- securing an Excess of Loss policy. See excess of loss information
- making an annual contribution to the workers compensation fund (required by legislation)
- making contributions to the Nominal Insurer Fund, as required. See Nominal Insurer information
- meeting ongoing expenses associated with JAS/ANZ or National Audit Tool certification
- an annual actuarial assessment on outstanding claims liability
- any other expenses determined by the Board or legislation.