Managing a NSW Workers Compensation Policy
If you require a Certificate of Currency, please complete the Certificate of Currency Request form and fax it to GIO on 1300 666 346.
Certificates of Currency cannot be downloaded if your policy needs to be renewed, you have an overdue premium or are on a repayment plan or you have not declared your Actual Wages for over 12 months.
If you have any questions, please call us on 13 10 10.
Each year, GIO will send you an invoice which will include your payment options for your workers compensation policy:
- Basic Premium between $1000 and $5000 - Quarterly instalments option
- Basic Premium greater than $5000 - Quarterly or monthly instalment options
Employer's can receive a 3% discount on premiums greater than the minimum of $175.00 if they pay their premium in full by the due date.
We provide the following payment options for your workers compensation policy:
- BPAY - Your Biller Code and Reference Number can be located on your premium notice. You can organise BPAY through your participating financial institution.
- Mail - You can mail your cheque payment to us at: GIO General Ltd, GPO BOX 3915, Sydney NSW 2001
- Branches - You can pay your premium at any GIO or Suncorp Branch.
In NSW, workers compensation insurance premiums are based on a number of factors - industry in which the employer operates, annual wages paid to employees & claims and wages costs over 3 years
- Please complete the Dec of Estimated Wages Form and Dec of Actual Wages Form so that we can determine the premium payable.
- For detail on calculation formulas, please refer to the NSW WorkCover website and view the Insurance Premiums Order for the applicable policy term.
- Please refer to our Declaration of Wages Form Guide or the Premium Form Definitions for more details.
Scheme agents of WorkCover NSW (like GIO) are required to conduct regular inspections of policy holders' wage records. Wage audits ensure that employers have provided us with correct information so we can calculate premiums accurately.
If you are selected for a wage audit, an independent auditing firm will be appointed to inspect your wage records and classifications for a maximum of 5 previous years. Please visit the NSW WorkCover website for more details.
A renewal pack will be sent to you 28 days prior to your policy expiry date. This includes a Dec of Estimated Wages Form and Dec of Actual Wages Form .
These forms must be completed and returned to us within two months of the commencement of the new policy period by:
- Fax: 1300 666 346
- Mail: The Policy Services Team, GIO Workers' Compensation, GPO Box 3915, Sydney NSW 2001
For more details, please call GIO on 13 10 10 to speak with one of our specialists.
Important Information:
Insurance is provided by GIO General Limited ABN 22 002 861 583 (GIO) as agent for the NSW WorkCover Scheme.
