Document ID: chunk:federal_register_of_legislation:F2025C00180:reg:24
Version: federal_register_of_legislation:F2025C00180
Segment Type: reg
Provision Reference: reg 24
Character Range: 45728–46917

24  Secondly, work out share of maximum amount for each set of abuse for which key institution is responsible
 (1) Use the following formula to work out the share, for each set of abuse of the person for which the key institution is responsible, of the maximum amount worked out under step 1 of the redress payment method statement for the person:
Note 1: The share must be worked out for a set whether the key institution is primarily responsible for the abuse covered by the set or equally responsible with one or more other institutions (whether participating institutions or not) for that abuse.
Note 2: The total of notional maximum amounts for all sets of abuse of the person takes account of every such set, whether or not the key institution was responsible for the abuse covered by the set.
 (2) If the amount worked out under subsection (1) for a set is expressed to more than 4 decimal places of a cent, round the amount to 4 decimal places of a cent (rounding upwards if the number in the fifth decimal place is at least 5).
 (3) The result of the last of subsections (1) and (2) to apply in relation to a set of abuse is the set of abuse share of maximum amount for the set.