Premium guideline: When is succession required?

When new owners take over a business, their WorkCover premiums are sometimes based on the claims history of the business under the old owners. This is known as succession. Guidance on this page helps explain succession.

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Published: 01 Jan 2017
 
File type: PDF
 
File size: 284.62 kB
 
Length: 9 pages
 
Reading level: Difficult

What it contains

An employer’s claims experience includes WorkCover claims made against it. If it acquires all or part of a business it has been associated with, its claims experience may also include the WorkCover claims made against that business. This is referred to as ‘succession’ or as one employer ‘inheriting’ the claims experience of another employer.

This document discusses how to work out whether succession rules apply to you, with examples.