| ACTIONS: |
- Conducted financial eligibility assessment using Annual Reports and
Balance Sheet information
- Determined performance based eligibility through review of prosecutions,
authority interventions, and analysis of Safety and Workers Comp data
- Analysed workers comp claims history to provide a cash flow projection.
- Forecast likely insured premium versus self insured payment pattern
and quantum.
- Analysed liabilities and estimated likely balance sheet implications
and options including tax treatments
- Conducted a gap analysis of safety, injury and claims management
systems versus self insurer needs through desktop review and workplace
observation and discussions.
- Constructed an estimate of annual SI operating costs, including reinsurance,
bank guarantee and staff and service provider costs
- Prepared a draft project plan including timing, resource and cost
estimates for the activities involved in preparing to, and obtaining
a licence
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