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.