Who pays for the scheme?
- Employers don't pay direct contributions for their employees in NSW.
- There are no other fees or charges for employers or workers in respect of the scheme administered by the Long Service Corporation (LSC).
- The scheme is funded by a levy on all building and construction work in NSW that requires approval under any legislation, and has a cost of works of $25,000 and above (inclusive of GST).
- The levy is paid by the applicant of the building approval.
- The current levy rate until 31 December 2022 is 0.35% of the cost of building and construction works of $25,000 and above (inclusive of GST).
- From 1 January 2023 the levy rate will change to 0.25% of the cost of building and construction works and will only be payable if the cost of works is $250,000 and above (inclusive of GST).
- The levy is payable online, at local councils or direct to LSC.
