Updates to definitions for Workers Compensation

Is your worker an employee or a contractor? Are you a working director? 

Following a series of wage audits across your industry, Guild Insurance have discovered that some employers have experienced confusion around the definitions of worker types, when filling in wage declarations for workers compensation insurance.

This has led to income not being declared correctly for some working directors, with many having to make back payments, including any interest payable.

At Guild, we never want you to go it alone, so we’ve put together this quick list of Frequently Asked Questions to help you get your declarations right, the first time.

Frequently Asked Questions

WC - Updates to definitions for Workers Compensation

What remuneration needs to be declared for working directors?
When does a company dividend need to be declared as wages?
Why can contractors or locums remuneration be included in my wage declaration?
What can you do to minimise the risk of a contractor being deemed an employee?
What happens if I do not properly declare Working Directors and/or contractor remuneration?

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If you require further assistance, please get in contact with the team at Guild on 1800 810 213.