Document ID: chunk:federal_register_of_legislation:C2021A00119:clause:1_74
Version: federal_register_of_legislation:C2021A00119
Segment Type: clause
Provision Reference: sch 1 cl 74
Character Range: 21542–22582

74  Section 148
Omit:
      One or more participating government institutions may be a funder of last resort for a defunct institution. In that case, those government institutions will be liable to pay the defunct institution's (hypothetical) share of the costs of providing redress to the person, which will increase the amount of funding contribution the government institutions will be liable to pay. (For the funder of last resort provisions, see Part 6‑2.)
substitute:
      One or more participating government institutions or participating jurisdictions may be a funder of last resort for a non‑government institution that is not fully participating in the scheme. In that case, those government institutions or jurisdictions will be liable to pay the non‑government institution's (hypothetical) share of the costs of providing redress to the person, which will increase the amount of funding contribution the government institutions or jurisdictions will be liable to pay. (For the funder of last resort provisions, see Part 6‑2.)