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Update - Self-Insured Financial Requirements (Schedule 3) Initial Consultation

Friday 23 February 2024

ReturnToWorkSA completed the initial phase of consultation in October last year. It must be noted that the number of responses were low. ReturnToWorkSA received 6 submissions in total, 4 of which were fully completed. A total of 3 responses were received from self-insured employers. ReturnToWorkSA also received a joint submission from Lawson risk and the Risk Co.

In December 2023, ReturnToWorkSA met with SISA to discuss the low response rate and next steps in the process. ReturnToWorkSA were reluctant to make changes to relevant guidelines if there is a low level of impetus to change. SISA requested more time to develop a thorough response in consultation with its members. ReturnToWorkSA have therefore granted this additional time before progressing further with the review. We are anticipating a position from SISA by the end of March 2024. Following this we will provide a further update on the consultation including any next steps.

If you require any further clarification or support, please contact Aron Marchegiano on 0448 803 253 or email selfinsured@rtwsa.com.

 

Regards

Nathan Conroy

Leader Self-Insured Services