The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication intended only as a guide to social security payments. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.F.20 Funder of last resort

Definition

For the purposes of the National Redress Scheme, 'funder of last resort' is an arrangement to provide redress to a person for a 'listed' institution in limited circumstances.

The funder of last resort arrangements can apply when an Independent Decision Maker finds a listed non government institution responsible for the child sexual abuse of a person. A listed non-government institution can be defunct or unable to join the Scheme.

The Minister must declare by notifiable instrument in Parliament, that the non government institution is listed for a relevant government under funder of last resort arrangements. A non-government institution can be listed for one or more governments.

When the non-government institution is declared under funder of last resort arrangements, the relevant Commonwealth, state or territory government has agreed to pay that institution's share of redress. If it is partly-participating in the Scheme under the arrangements, the institution has also agreed to provide the direct personal response component of redress to eligible applicants.

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

NRS (Funders of Last Resort) Declaration 2019

Policy reference: Redress Guide 8.2 Funders of last resort, 1.1.D.20 Defunct institution, 1.1.L.10 Listed institution, 1.1.P.35 Partly-participating institution

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