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Employers in NSW are required by law to have a workers compensation insurance policy. An employer is a business (including an individual) that employs or hires workers on a full-time, part-time or casual basis, under an oral or written contract of service or apprenticeship.
In the event of a workplace injury or disease, the policy will provide the worker with weekly benefits, medical and hospital expenses, rehabilitation services, certain personal items (eg. clothing, spectacles, if damaged in a work-related accident), and a lump sum payment for permanent impairment. The policy must cover all workers, at all times.
Some people are ‘deemed’ to be workers for workers compensation purposes. Deemed workers – outworkers, taxi drivers and some contractors – must also be covered by a workers compensation policy.
For more information, see 'related topics'.
Workers Compensation changes - June 2008
On 15 May 2008, the New South Wales Parliament passed legislation introducing a number of changes to workers compensation aimed at cutting red tape for employers.
Under the amendments, from 4pm on 30 June 2008, only employers with annual wages greater than $7,500 will be required to take out workers compensation insurance or where an employer engages an apprentice/trainee or is a member of a Group for workers compensation purposes.
Changes to Workers Compensation policy requirements - FAQ's
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