Some general Questions and Answers about NSW Workers' Compensation

Q: What happens if I don't complete all the sections of my renewal form?
A: There will be a delay in processing your forms. The WorkCover Agent will then be
required to process your renewal with a premium based on the previous year's wages plus a 30% penalty loading.

Q: Why do I need to complete my business activity every year?
A: Because we want to ensure that your premium is calculated correctly, taking into account any changes in your business as well as any refinements to WorkCover NSW business classification rules.

Q: Do I need to delare Contractors?
A: Yes. But you do not need to declare contractors covered under their own Workers' Compensation Insurance. For further information please refer to 'Definition of Wages' Manual'.

Q: I am a principal contractor. What are my obligations?
A: From 1st July 2003 principal contractors are required to check that their subcontractors have proper Workers' Compensation Insurance. To protect themselves, principal contractors must have:

• A copy of the subcontractor's current 'Certificate of Currency'*
• A written statement from the subcontractor that all applicable premiums have been paid (until this statement is received the principal contractor may withhold payment without penalty).

*Otherwise the principal contractor may be liable for premiums owing by contractors in connection with services performed on behalf of the principal.

Q: What are the methods of payment of my Workers' Compensation premium?
A: From the 30th June 2007, you may pay the following ways: Cheque, B-Pay, Direct
Deposit and Direct Debit.

Q: Can I pay by instalments?
A: Yes, from the 30th June 2007, if your basic tariff premium is over $1000 and your policy is for a 12 month period, you may pay quarterly instalments. If your basic tariff premium is over $5000 and your policy is for a 12 month period, you may pay monthly instalments.

Or Milne Alexander can arrange Premium Funding, together with your general insurances. Contact your Account Manager for details.

Q: Do I get a Discount if I pay my premium annually?
A: Yes, if you pay your premium in a single lump sum, and on time, you will receive a discount.