Self-insurance criteria

Q-COMP may issue or renew a licence for a single or group employer to be a self-insurer if the employer meets the following criteria (s. 71, Workers’ Compensation and Rehabilitation Act 2003):

• The number of full-time workers employed in Queensland is at least 2000.
• Occupational health and safety performance is satisfactory.
• The licence will cover all workers employed in Queensland.
• The employer has given Q-COMP an unconditional bank guarantee or cash deposit.
• The employer has reinsurance cover.
• All workplaces are accredited by Q-COMP, or if not are adequately serviced by a rehabilitation and return to work coordinator who is in Queensland and employed under a contract (the contract can be a contract of service).
• The employer has workplace rehabilitation policy and procedures.
• The employer is fit and proper to be a self-insurer.

Group licences are restricted to:

• related bodies corporate (as defined in Corporations Law) — all related bodies corporate that employ workers in Queensland are included in the application
• employers in the same industry who have a pre-existing stable business relationship.