The Compensation for Occupational Injuries and Diseases Amendment Act (COIDA) (Grade 12 NSC Matric Business Studies): Flashcards
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Full name of COIDA
Full name of COIDA
Compensation for Occupational Injuries and Diseases Amendment Act
Year COIDA was introduced in South Africa
Year COIDA was introduced in South Africa
1997
Main purpose of COIDA
Main purpose of COIDA
Financial compensation for workplace injuries, illness, or death
COIDA exclusion: employees guilty of this
COIDA exclusion: employees guilty of this
Wilful misconduct (e.g., horseplay at work)
Role of the Compensation Board
Role of the Compensation Board
Advises Minister of Labour on policy, benefits, and amendments
Source of Compensation Fund financing
Source of Compensation Fund financing
Monthly contributions from employers
COIDA advantage: impact on workplace safety
COIDA advantage: impact on workplace safety
Promotes health and safety standards in all workplaces
COIDA disadvantage: effect on small businesses
COIDA disadvantage: effect on small businesses
Annual contributions can create cash flow problems
Non-compliance action: false information
Non-compliance action: false information
Falsifying info about accidents or occupational diseases
Penalty for serious COIDA non-compliance
Penalty for serious COIDA non-compliance
Fines, criminal charges, or imprisonment for business owners