Document ID: chunk:federal_register_of_legislation:C2024C00613:section:163
Version: federal_register_of_legislation:C2024C00613
Segment Type: section
Provision Reference: s 163
Character Range: 289010–289899

163  Meaning of funder of last resort
 (1) A participating government institution is a funder of last resort for a defunct institution in relation to abuse of a person if a determination of the Operator to that effect is in force under paragraph 29(2)(i).
Note: The Operator can only make that determination if the participating government institution and the defunct institution are equally responsible for the abuse and the defunct institution is listed for the jurisdiction that the government institution belongs to under section 164.
 (2) A participating jurisdiction is a funder of last resort for an institution in relation to abuse of a person if a determination of the Operator to that effect is in force under paragraph 29(2)(k).
Note: The Operator can only make that determination if the institution is listed for a participating jurisdiction under section 164A, 164B or 164C.