Workers’ compensation insurance is compulsory for most businesses in Australia. Here is some important information regarding taking out policies and changing agents. All first time employers have 60 days from the commencement of the new business venture to lodge a WorkCover policy with a WorkCover Agent.
Failure to obtain a WorkCover insurance policy when required can result in severe penalties being imposed. As you have a 60 days grace period to lodge a policy, covernotes are no longer necessary.
Rad Bookkeeping will act as your Agent and lodge the Application for a Workcover Policy on your behalf.