Compensation Fund/COIDA Registration

FAQ

 1. What is the Compensation Fund and when must a business register for it? 

The Compensation Fund also known as WCA or COIDA (Compensation for Occupational Injuries and Diseases Act) is a government institution put in place to protect employees and employers should an injury/disease/death occur to any employee "in the line of duty".

According to labour law as soon as a business employ a worker (can only be one), the business must register with the Compensation Fund.     

2. Does the business or the employees register with the Compensation Fund? 

The business is registered with the Compensation Fund. The Compensation Fund registration number is registered in the business name and will stand until de-registered.  

3. What are the consequences for my business if I am not registered with the Compensation Fund? 

Apart from breaking the law the business can face huge fines or even prosecution for not complying with the Act . The business can be held responsible for huge amounts of money due to claims relating to injury on duty, diseases or death from an employee.  

4. I am a sole proprietor, should I still register? 

Yes, as soon as you employ one worker you must register with the Compensation Fund.  

5. What happens after my business has been registered with the Compensation Fund? 

A Return of Earnings (W.as.8) form must be submitted to the Fund before 31 March annually. Based on the amount of earnings (salaries) paid to employees and members, and category the business falls under an assessment will be raised and become payable.  

6. What do I do if I am registered and an injury/death on duty occurs?  

A claim then needs to be raised with the Compensation Fund who will investigate the circumstances. Subject to certain circumstances the Compensation Fund will then be responsible for any costs. 

7. Can I get a letter of good standing once registered?
 

Once the provisional assement has been paid a letter of good standing can be obtained through our website at a fee of R450.


Additional Info



  

 1. How does it work? 


Step 1
- simply complete the online form below and submit. 

Step 2 - pay our service fee via credit card/EFT or bank deposit. This fee is for our service. After you have been registered you will also be assessed by Compensation Fund, This amount will be come payable upon registration.

Step 3 - send documents through as requested below. 

Step 4 -  We will send you a proof of submission to Compensation Fund within 5 -10 working days  (stamped 1st page of the application form) and a letter on our letterhead stating that registration is in process.


Important Info:

  • Once submitted the registration is in the hands of the Compensation Fund. On average they take 21-30 working days to process, it can take longer.
  • Once registered a provisional assessment will be raised by the Compensation Fund. This will be payable to Compensation Fund once registration is complete

     

 2. What documents are needed?


Please fax/e-mail us the following documents after completing the online form below.

  1. In case of a CC/Company the incorporation certificate of the business (CK1/CK2/CM1+CM29/COR 14.3)
  2. In case of a CC/Company  certified copies of the ID's of all of the members/directors.
  3. In case of a sole proprietor a certified copy of the ID of the owner of the business.

Once registered and provisional fees have been paid/outstanding ROE's submitted where applicable, application for a letter of good standing can be done through our website at a service fee.



Please Login to continue

Are you a new user? Register now or login below.



  

Have you perhaps forgotten your password?

Login with Facebook

This service has a cost that is dependent on the various items selected. Your price will show here: R 1,050.00.

Average turnaround time: 21-30 working days. This is on average, it can take longer and is totally dependent of the efficiency of the Compensation Fund,

Required Information

Please assist in obtaining a letter of good standing from Compensation Fund as soon as the business has been registered:











Describe the following in detail if applicable



Employee Details

VERY IMPORTANT : PLEASE ENTER THE SALARY DETAILS BELOW AS ACCURATELY AS POSSIBLE AS A PROVISIONAL ASSESSMENT WILL BE RAISED BY THE COMPENSATION FUND BASED ON THESE FIGURES. THIS AMOUNT WILL BECOME PAYABLE UPON REGISTRATION.

IF 1ST EMPLOYEE WAS EMPLOYED BEFORE 1 MARCH 2011 ADDITIONAL RETURN OF EARNINGS FORMS WILL BE E-MAILED TO YOU.





Please furnish us with your bank details (these are needed should you have a claim against the fund)








Acknowledge Turnaround Time and Other Service Conditions

- you need to be logged in for this to work.

Back to all services.

Some of our Clients

View More Clients

What do our clients say?

MR JANNIE SCHUTTE SUPERHERO !
 
Wendy Jones

All Testimonials

Tax Season 2016

tax season 2016 kicks off on 1 july 2016. as a valued client we would like to assist you in completing your tax obligation quick and efficiently.how does it work this year?

Online VAT registration.

vat number can now be obtained within

Tax Season 2015 well under way.

tax season 2015 has started 1 july 2015 and

All News | All Archived News