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COIDA FAQs
- 28 March 2023
- Accounting
- South African Accounting Academy
The purpose of this booklet is to provide users with guidelines on the COIDA Act, including the injury reporting and claim processes, registering with Workmen's Compensation and the assessment and Return of Earnings processes.
Easy-to-use guide includes:
- DoEL guidelines on the COIDA Act, the injury claims process and its associated processes
- DoEL guidelines on registering with Workmen's Compensation and assessment and Return of Earnings processes
- guidelines on how to register online with Workmen's Compensation
Contents of this basic booklet:
- What is COID Act?
- Employer Registration
- Employer Registration and Assessments
- Employer Return of Earnings (ROE)
- Compensation Benefits Claims
- Compensation Benefits - Pension
- Medical Services - Case Management
- Medical Claims
- Legal Services
- Vocational Bursary
- CompEasy Claims Onine Registration
Click here to download the FAQs:
Relevance to Auditors, Independent Reviewers & Accountants:
- COIDA is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- This booklet is intended for all H&S officers, Accident and Incident Investigators, HR practitioners, H&S professionals and any persons with an interest in the COIDA Act and its requirements and the workings of its associated processes, who wish to have a useful source of reference to this in order to assist them with any Workmen's Compensation queries or concerns.
- As an employer, you also need to comply with ACT in your workplace
Relevance to Your clients:
- An entity (company or close corporation) has a duty to comply with the COID Act, and directors have to fulfil their duties accordingly, otherwise they could be held liable.
- This booklet is important because it provides important and useful information on the COIDA Act and its associated processes.
- By having this booklet, an organisation has access to a useful source of reference that can be used to assist them with any Workmen's Compensation queries or concerns they may have. This allows the user to better understand the COIDA legislation and in doing so, comply with its requirements and processes.
To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update
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https://cpd.accountingacademy.co.za.