I recently sold a part of a business in Queensland, Australia and the business name and all the major details remained mine. I needed to cancel a few different registrations and licences and one of them was the workers compensation I was paying to cover the employees I had.
It was a lightly staffed business and the full years fee for the workers compensation was around $350. Anyway I rang to cancel the policy one month into the year, so I assumed I would pay for one month coverage. But no, this way too easy.
Workers compensation minimum fee for a year is $250 so that’s what I have to pay…When I heard this I was more than shocked. What an absolute rip off to a small business owner. I consider this a crime and there could be no reason to take $250 from a person when you are not giving them anything in return.
I may as well pay the yearly fee and go out and employ more people. That’s how mad I am about this.
At the moment I feel like the government can charge you any fee they like and if you do not pay it, you are the criminal.
that’s really scary. imagine if you have 100 workers.