1.1.F.30 Funding contribution

Definition

The funding contribution for a participating institution for a quarter consists of 2 parts:

  • the redress element (which covers the total amount of the institution's share of the costs of redress payments and the counselling and psychological component of redress in the quarter), and
  • the scheme administration element (which covers the total amount of the institution's contribution to the costs of the administration of the scheme in the quarter).

Act reference: NRSAct section 150 Funding contribution

Policy reference: NRS Guide 8.1.3 Funding contribution & late payments

Last reviewed: 13 August 2018