Letter of Good Standing
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A Letter of Good Standing is an official document issued by the Compensation Fund confirming that an employer is compliant with its COID obligations and is in good standing.
Many clients, contractors, government departments, and principal employers require a valid Letter of Good Standing before awarding contracts or granting access to worksites.
Employers who are registered with the Compensation Fund and have met the applicable compliance requirements may apply for a Letter of Good Standing.
Your business must generally be registered with the Compensation Fund, have submitted the required returns, paid any outstanding assessments, and met all relevant compliance obligations.
Processing times depend on the Compensation Fund and whether your business is fully compliant. SACORP works to resolve any outstanding issues and process your application as efficiently as possible.
The validity period depends on your ongoing compliance with the Compensation Fund. It is important to maintain compliance to ensure your certificate remains valid when required.
Yes. We can investigate the reason for the delay or rejection, assist with resolving outstanding compliance issues, and manage the application process until your Letter of Good Standing can be issued.
Yes. Many construction companies and contractors are required to provide a valid Letter of Good Standing when tendering for projects or working on construction sites.
Outstanding compliance issues usually need to be resolved before the certificate can be issued. SACORP can assist in bringing your business up to date.
Our experienced compliance team handles the entire process from start to finish, helping you resolve outstanding issues, obtain your Letter of Good Standing, and maintain ongoing compliance with confidence