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Who must register for Workmen’s Compensation?

All companies who employ one or more employee.

Only the following companies are exempt:

  • National and state government departments
  • Certain local authorities
  • Employers who are covered by Mutual Associations

The purpose of the fund is to provide compensation to employees who was either injured or contracted a disease during the course of performing their work duties.

The annual assessment amount is calculated by using the actual salaries for the previous year and the estimated salaries for the current year. A rate is used according to the risk factor for injury of the business. The return must be submitted and the assessment amount paid before 31 May, after which a Letter of good standing will be issued.

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