Workers Compensation Scheme Agent Deed
The Workers Compensation Scheme Agent Deed is a contract between the Workers Compensation Nominal Insurer and insurance companies. It authorises selected insurers (called scheme agents) to provide workers compensation policy and claim services to NSW employers.
The deed sets out contractual arrangements including the insurance agent’s scope of authority, the terms of the agreement and any relevant legislation. The Nominal Insurer is taken to be a licensed insurer and we act on behalf of the Nominal Insurer in undertaking its functions.
Insurance agents agree to provide policy and claims management services in the NSW workers compensation scheme on behalf of the Nominal Insurer according to key performance indicators in the deed. The Nominal Insurer monitors insurance agent performance based on data submitted by insurance agents and other sources.
The 2015 Scheme Agent Deed
Five scheme agents (insurers) have been selected to provide policy and claims management services in the NSW workers compensation scheme under the 2015 Scheme Agent Deed. They are:
- Allianz Australia Workers’ Compensation (NSW) Limited
- CGU Workers Compensation (NSW) Limited
- Employers Mutual NSW Limited
- AAI Limited trading as GIO
- QBE Workers compensation (NSW) Limited
Commencing 1 January 2015, the new deed will run for an initial period of three years with an option to extend for two one-year periods.
The 2015 deed reflects the aims of recent workers compensation reforms to deliver fair, transparent and predictable insurance pricing. It aims to provide improved services for workers and employers and supports workers to recover at or return to work.
Gallagher Bassett Services Pty Ltd and Xchanging Integrated Services Australia Pty Ltd currently provide services under the 2010 Deed however are disengaging from the Scheme.
Deeds, schedules and manuals
These are available on the 2015 Deed, schedules and manuals page.
For the previous deed, please see the 2010 Scheme Agent Deed page.