Anne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

When the royal commission undertook its investigation, it didn't actually anticipate this being an issue. For that reason, there was no provision in the primary legislation for the funder of last resort to actually be shared between various jurisdictions. This legislation seeks to make sure that you can have more than one funder of last resort so that the defunct institutions' share of the liability or the redress cost is divided equally between the two government institutions. At the moment, it doesn't actually work like that. It just puts clarity back into it and gives us a quick and easy mechanism, contained within the actual act, to be able to do it. At the moment, there's silence in the act in relation to being able to split the funding liability of a defunct institution.