Last Updated on September 21, 2023 by ufiling
COIDA registration number refers to the registration number issued to employers in South Africa under the Compensation for Occupational Injuries and Diseases Act (COIDA). This Act requires all employers in South Africa to register with the Compensation Fund and obtain a unique COIDA registration number.
The Compensation Fund is a government entity that administers workers’ compensation in South Africa. It provides compensation to employees who suffer from work-related injuries, diseases, or disabilities. The COIDA registration number serves as a unique identifier for each registered employer and is used for various administrative purposes, including when submitting claims for compensation or when dealing with the Compensation Fund.
To obtain a COIDA registration number, employers need to apply to the Compensation Fund and fulfill certain requirements, such as paying an annual assessment fee based on the total earnings of their employees. This fee is used to fund the compensation benefits provided to injured or ill workers.
The purpose of COIDA is to protect the rights and welfare of employees by ensuring that they receive appropriate compensation and medical care if they are injured or become ill while performing their job duties. It also provides legal protection to employers by limiting their liability in case of work-related injuries or diseases, as the Compensation Fund covers the compensation costs.
Keep in mind that regulations and procedures related to COIDA or workers’ compensation may be subject to change over time.
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