Document ID: chunk:federal_register_of_legislation:C2024C00613:section:151
Version: federal_register_of_legislation:C2024C00613
Segment Type: section
Provision Reference: s 151
Character Range: 278733–280559

151  Redress element
  The redress element of funding contribution for a participating institution or funder of last resort for a quarter is the amount equal to the sum of the following amounts for each person who is entitled to redress:
 (a) the amount of the institution's or funder of last resort's share of the costs of the redress payment to the person in the quarter;
 (b) the amount of the institution's or funder of last resort's share of the costs of the counselling and psychological component of redress for the person in the quarter.
Note 1: The Operator determines the amount of an institution's share of the costs of the redress payment under paragraph 29(2)(c) and the amount of an institution's share of the costs of the counselling and psychological component of redress for the person under paragraph 29(2)(d).
Note 2: If the Operator determines under paragraph 29(2)(i) that one or more participating government institutions are a funder of last resort for a defunct institution in relation to abuse of a person, those government institutions will be liable for the defunct institution's (hypothetical) share of the costs of providing redress to the person (see section 165).
Note 3: If the Operator determines under paragraph 29(2)(j) that an institution is responsible for abuse of a person, the funders of last resort for the institution will be liable with the Commonwealth for the institution's (hypothetical) share of the costs of providing redress to the person (see section 165A).
 The Operator determines:
(a) the amount of the funders of last resort's shares of the costs of the redress payment and of the counselling and psychological component of redress under subparagraphs 29(2)(l)(i) and (ii); and
(b) the Commonwealth's shares of those costs under subparagraphs 29(2)(c)(iii) and (l)(iii).