Risk Management Assistance Fund (RMAF)

With effect 1 September 2011, the Workplace Safety and Health Act (WSH Act) will be MANDATORY for all Singapore enterprises.

Recognising that small and medium enterprises (SMEs) may lack the resources to implement risk management, the Risk Management Assistance Fund (RMAF) was set up to help SMEs defray the cost of engaging an Approved Risk Consultant (ARC) to build in-house capabilities.  An ARC can help to train, provide consultancy services and assist SMEs in implementing risk management, equivalent to a bizSAFE Level 3 status.

bizSAFE level 3 helps the enterprise to comply with the Risk Management Regulations of the WSH Act.

What the Risk Management Assistance Fund (RMAF) covers 

SMEs which require ARC services

With effect from 20 Jan 2011, the RMAF enables an SME that engages an Approved Risk Consultant to claim up to 90% of the training and consultancy fees, subject to a cap of $6,000. In addition, SMEs can claim up to $400 to offset the administrative fees of engaging a RMAF Agent and up to $600 to engage a MOM-approved WSH Auditor to audit their Risk Management implementation.  

SMEs which do not require ARC services

SMEs who are able to fully implement RM on their own after attaining bizSAFE Level 1 and 2 and do not engage an ARC services, can claim up to $800 to offset the cost of engaging a MOM-approved WSH Auditor to audit their Risk Management implementation

Please click here to for more information on application and eligibility.

Singapore Business Federation (SBF) is an appointed RMAF agent to help enterprises apply bizSAFE Level 3 and applications must be submitted to WSH Council through the agent. You can contact Mr Eady Ng DID: 68276867, email: eady.ng@sbf.org.sg for further assistance in your RMAF application.