Document ID: chunk:federal_register_of_legislation:C2021A00015:clause:1_27
Version: federal_register_of_legislation:C2021A00015
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 8997–9711

27  Subsection 165(1)
Repeal the subsection (not including the heading), substitute:
 (1) If the Operator determines under paragraph 29(2)(i) that:
 (a) one or more participating government institutions are equally responsible with a defunct institution for abuse of a person; and
 (b) one or more of those government institutions (the funding institutions) are a funder of last resort for the defunct institution in relation to the abuse;
then each of those funding institutions are proportionally liable, in accordance with this section, for what the defunct institution would have been liable to pay in relation to providing redress to the person, had the defunct institution been a participating institution.