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WorkCover Internet > Insurance and premiums > Policies > Taking out a policy > Certificate of currency

Certificate of currency 

A certificate of currency provides evidence of an employer maintaining a current policy of workers compensation insurance. The certificate shows current WorkCover industry classifications, the number of workers, estimated wages and the policy period covered.

The certificate of currency can be issued for a period up to 12 months, however it cannot extend beyond the expiry date of the current workers compensation insurance policy. You will need to request a new certificate of currency when you take out or renew a policy.

 

For how long is a certificate of currency valid?

NSW certificates of currency are valid for up to 12 months, depending on the expiry date of the workers compensation insurance policy. 

A Scheme Agent may issue a certificate of currency only where an employer: 

  • provides the Scheme Agent with the completed request for a certificate of currency and statement of wages form with an updated business description, and a reasonable estimate of wages and employee numbers for the current policy period, as revised at the date the certificate of currency is requested, or
  • provides the Scheme Agent with a completed estimate of wages declaration with an updated business description, and a reasonable estimate of wages and employee numbers for the policy period, as revised at the date the certificate of currency is requested
  • has no premium outstanding
  • has provided actual wages declarations as requested by the Scheme Agent.

     

Exempt employers are not eligible for a certificate of currency.

 

Requesting a certificate of currency

Contact your Scheme Agent by fax or email with your written request.  Your request should confirm the details of your estimate of wages, employee and contractor numbers and your business activity.

 

Call 13 10 50 for more information about certificates of currency.


Exempt employer policy

Employers who pay $7,500 or less in annual wages are not required to hold a policy of insurance unless they employ an apprentice or trainee, or are part of a group for premium purposes (more).