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Introduction | Eligibility criteria | How to apply | Forms
Risk management is a systematic approach to help workplaces reduce risks at source.
Under the Workplace Safety and Health (Risk Management) Regulations, a risk assessment must be conducted at the workplace in relation to the safety and health risks posed to any person. This includes the identification of the safety and health hazards, and the evaluation of the probability and consequences of injury or illness arising from exposure to the identified hazards. The company also needs to take reasonably practicable steps to eliminate, minimise or control the risks. In addition, the company should communicate the risks and control measures to persons at the workplace.
Recognising that small and medium enterprises (SMEs) may lack capabilities or resources to implement risk management, MOM set up a $5 million Risk Management Assistance Fund (RMAF) in April 2006 to help them defray the cost of engaging consultants to build in-house capability.
In July 2007, on the recommendations of the then-Workplace Safety and Health Advisory Committee, the RMAF was topped up by a further $8 million (at $2 million per year for 4 years) to provide financial assistance to even more SMEs.
With effect from 1 May 2009, the RMAF enables an SME that engages an approved risk consultant to claim up to 90% of the consultancy cost, capped at $6,000. In addition, an SME can claim up to $400 each to offset the administrative fees of engaging an RMAF agent and an approved WSH auditor to assist in the risk management process.
Illustration of funding available to an applicant.
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Amount Charged to Applicant (without GST)
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Amount Claimable under RMAF
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Remarks
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Consultancy Fees
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$7,000
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$6,000
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90% of consultancy fees, up to a maximum of $6,000
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Agent Fees
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$300
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$300
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Max claimable is $400
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WSH Auditor Fees
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$500
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$400
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Max claimable is $400
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Total
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$7,800
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$6,700
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To qualify for funding, the applicant company has to meet the following criteria:
a. Employ not more than 200 workers;
b. Have a group fixed asset investment of not more than $15 million and group employment size of not more than 200 workers. (Group denotes parent companies and subsidiaries. Where 20% - 100% of the applicant’s shares are owned by companies, the total value of the applicant’s fixed assets and employees is calculated three levels up. Where the applicant owns 51% - 100% of another company (subsidiary), the applicant’s subsidiary's fixed assets and employees will also be added to the computation.);
c. Have at least 30% shareholding that is local;
d. Must not be a public listed company or a subsidiary of a listed company;
e. Have not received any government funding for the development of risk assessment for the company; and
f. Declare all the worksites in which the company is currently involved, including the number of personnel per site. Please note that regardless of the number of worksites or factory number that each company may possess, the company is eligible to apply only ONCE for RMAF. The company’s HQ/Admin office will not be eligible for RMAF.
Note: A company that has been certified to SS506, OHSAS 18001 or its equivalent, is not eligible for the funding as such a company would have an existing risk management system.
Funding will subsequently be paid to the applicant company after the Approved Risk Consultant has assisted the company to meet specified deliverables. This will also allow the company to qualify as a bizSAFE Level 3 enterprise.
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Interested SMEs can approach any of the following appointed RMAF agents.
RMAF Agents Tel. no.
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Association of Aerospace Industries (Singapore)
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6787 5227
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Association of Singapore Marine Industries
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6872 0030
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Association of Small and Medium Enterprise (EDC@ASME)
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6513 0388
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Container Depot Association (Singapore)
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6376 5925/ 6376 5928
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Landscape Industry Association (Singapore)
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6278 2538
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National Safety Council of Singapore
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6223 3601
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Singapore Business Federation
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6827 6828
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Singapore Chinese Chamber of Commerce & Industry (EDC@SCCCI)
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6337 8381
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Singapore Contractors Association Limited
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6278 9577
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Singapore Indian Chamber of Commerce & Industry
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6222 2855
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Singapore Institution of Safety Officers
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6777 5185
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Singapore Malay Chamber of Commerce & Industry
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6297 9296
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Singapore Manufacturers’ Federation (EDC@SMa)
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6826 3020
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Singapore National Employers Federation
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6827 6827
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Specialists Trade Alliance of Singapore
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6273 2266
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The Institution of Engineers, Singapore
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6469 5000
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The agent will assist the company in its RMAF application. Applications must be submitted to the WSH Council through the agent before the commencement of the risk management project.
As the approval for applications is subject to the availability of funds, interested SMEs are encouraged to submit their applications early.
Note: The RMAF does not cover the implementation cost of hazard control solutions or risk reduction measures.
Click here to download the RMAF brochure.
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