The NEDLAC Task Team on the Compensation for Occupational Injuries & Diseases (COID) is currently engaging on the proposed Regulations on the New Rates Assessment Model in terms of the COID Act.
The Compensation Fund (the Fund) assesses employers based on the industry they operate in and they are assigned to a specific assessment class for the basis of determining their liability to the Fund (this is the annual assessment fee paid by employers to the Fund for “insurance” for occupational injuries and diseases).
The Fund is in the process of revising its Rates Assessment Model, in terms of which the number of classes has been significantly reduced (from 102 classes) with new assessment rates for each of the new proposed classes.
The new proposed classes have been tabled at NEDLAC for social partners to engage on. A copy of the draft Rates Assessment Model (which has not yet been made public and has only been shared with NEDLAC social partners for engagement), with the new reclassification, can be found below.
The Rates Assessment Model will, for some industries, have financial implications in that it has been proposed that some assessment rates be increased significantly and it is therefore important that members give due consideration .
Members are requested to review the attached in relation to their respective industries and to provide input-thereon to assist the Business Task Team in developing mandated position for the NEDLAC engagements.
All comments should be submitted to Tshidi Ndebele (Tshidin@sacci.org.za) by no later than close of business on Tuesday, 24 September 2019.