1.1.F.20 Funder of last resort

Definition

For the purposes of the National Redress Scheme, funder of last resort refers to when the Operator determines that a Commonwealth, state or territory government that is equally responsible for the child sexual abuse of a person (with a defunct non-government institution) pays the full amount of redress under the Scheme, by paying the defunct institution's share of redress.

The Commonwealth, state or territory government must agree that it will be a funder of last resort for a defunct non-government institution before any payment for redress is made to a person.

Act reference: NRSAct section 29 The Operator must make a determination on the application, section 163 Funders of last resort

Policy reference: Redress Guide 8 Financial matters

Last reviewed: 13 August 2018