If a business employs or hires workers on a regular, casual or contract basis, they are considered to be an employer and must have a workers compensation insurance policy.
Home builder policies
Homeowners who are building their own homes should take out a workers compensation insurance policy to make sure they are fully covered. Any contractors engaged by an owner-builder may be deemed to be a worker of that owner-builder.
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