SIRA (State Insurance Regulatory Authority) has intensified efforts to identify employer non-compliance in New South Wales, targeting businesses that fail to lodge mandatory workers’ compensation policies. Through advanced data analytics and a structured notification program, hundreds of employers have already been flagged, with penalties and premium recoveries reaching millions.
What is SIRA Identify Non-Compliance?
- SIRA regulates compulsory insurance schemes including workers’ compensation, compulsory third party (CTP), and home building compensation.
- Non-compliance occurs when employers fail to lodge mandatory workers’ compensation policies or under-report wages.
- Data-driven enforcement: SIRA uses analytics, employer audits, and complaints investigations to detect misconduct.
For any assistance with anything regarding Workers Compensation, please contact us at ABILITY GROUP.