8.1.1 Redress element
What is a participating institution's redress funding contribution?
The redress element is comprised of both the redress monetary payment and the counselling and psychological care component of redress. For each quarter, a participating institution of funder of last resort is liable for the total amount of their share for both the redress monetary payment and the counselling and psychological care component of redress.
Act reference: NRSAct section 151 Redress element