1.1.S.20 Scheme administration element

Definition

The National Redress Scheme administration element of a participating institution's funding contribution for a quarter is the amount equal to the institution's share of the cost of administering the Scheme for a quarter.

The Operator determines an institution's share of the administration costs.

Act reference: NRSAct section 152 Scheme administration element

Policy reference: Redress Guide 8 Financial matters

Last reviewed: 13 August 2018