Page Comparison

• Business Name and ABN needs to match. If it doesn't match, government certified evidence must be provided to link the ABN or business names together. This is ideally a  letter or download from ABR showing the linkage;

• We can accept ‘PTY LTD’ or ‘(Pty) Ltd’  in lieu of ‘Proprietary Limited’ when this is the only difference in the company name between what’s shown on company compliance paperwork verse what’s shown in onsite.

• Minimum amount of 20 million dollars Australian for any one occurrence; Coverage amount to be recorded;If less than 20 million (AUD) the policy is to be returned
• If the policy amount is not in AUD a conversion at the time of processing is to completed to ensure the non AUD amount is greater then the 20,000,000 AUD amount
• Insurance must be current
• If the company supplies a 'requires approval' policy type (as listed below) a Product Disclosure Statement (PDS) is required before escalation.
  
  • If PDS states Public Liability coverage – the insurance and PDS needs to be uploaded together for approval
  • If the PDS does not specify Public Liability it will be escalated

Self Insurance

• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
  please click on the following link to see the current list of approved Self Insured companies in Australia:  http://www.srcc.gov.au/self_insurance/current_licensees.

• Issue Date = Start of coverage date listed on policy
• Expiry Date = Coverage end date listed on policy (If the policy is paid on a monthly 
  basis the expiry will be set when the next payment is due)
• Insurer = Insurer will be listed in policy content
• Policy Number = as specified on the policy
• Item = Type of of coverage / policy (i.e. Public & Products Liability, Public Liability, Broadform Liability, General & Public Liability
• Amount Description = Same as item
• Amount = as specified on policy (must be minimum of 20 million AUD or equivalent

• Business Name and ABN needs to match. If it doesn't match, government certified evidence must be provided to link the ABN or business names together. This is ideally a  letter or download from ABR showing the linkage

• We can accept ‘PTY LTD’ or ‘(Pty) Ltd’  in lieu of ‘Proprietary Limited’ when this is the only difference in the company name between what’s shown on company compliance paperwork verse what’s shown in onsite.

• Minimum amount of 5 million dollars Australian for any one occurrence; Coverage amount to be recorded;If less than 5 million (AUD) the policy is to be returned
• If the policy amount is not in AUD a conversion at the time of processing is to completed to ensure the non AUD amount is greater then the 5,000,000 AUD amount
• Must state Professional Indemnity
• Must be current
• If the policy does not list Professional Indemnity a Product Disclosure Statement (PDS) is required before escalation.
  
  • If PDS states Professional Indemnity coverage – the insurance and PDS needs to be uploaded together for approval
  • If the PDS does not specify Professional Indemnity it will be escalated

Self Insurance

• If the company indicates 'Self Insured' = Letter to be uploaded from the governing body which has approved the self insurance; 
  please click on the following link to see the current list of approved Self Insured companies in Australia: http://www.srcc.gov.au/self_insurance/current_licensees.

• Issue Date = Start of coverage date listed on policy
• Expiry Date = Coverage end date listed on policy (If the policy is paid on a monthly 
  basis the expiry will be set when the next payment is due)
• Insurer = Insurer will be listed in policy content
• Policy Number = as specified on the policy
• Item = Professional Indemnity
• Amount Description = Same as item
• Amount = as specified on policy (must be minimum of 5 million AUD or equivalent

Click HERE to be redirected to the nationally recognised workers compensation business rules.

NOTE: Mach Energy will also accept interim Workers Compensation insurance evidence that is issued by Coal Mines Insurance .

For interim Workers Compensation insurance evidence that is issued by Coal Mines Insurance: This certificate is valid for 2 months – the expiry date is noted on certificate.

• Insured Name must match that registered and ABN needs to match. If it doesn't match, government certified evidence must be provided to link the ABN and names together. This is ideally a  letter or download from ABR showing the linkage;

• We can accept ‘PTY LTD’ or ‘(Pty) Ltd’  in lieu of ‘Proprietary Limited’ when this is the only difference in the company name between what’s shown on company compliance paperwork verse what’s shown in onsite.

• There is no minimum amount for Income Protection and the amount does not need to be recorded
• Must be current
• Must specify the state in which the certification has been uploaded for
• Must specify Income Protection or Accident and Sickness

• Issue Date = Start of coverage date listed on policy
• Expiry Date = Coverage end date listed on policy (If the policy is paid on a monthly 
  basis the expiry will be set when the next payment is due)
• Insurer = Insurer will be listed in policy content
• Policy Number = as specified on the policy
• Item = Income Protection or Accident and Sickness as specified on the policy
• Amount Description = not required
• Amount = not required