AUSTRALIA
7 News
By Deborah Rice and staff
January 30, 2015
The total cost of a national compensation scheme for victims of child sexual abuse would exceed $4 billion, according to a consultation paper released by the royal commission.
The commission has today released a consultation paper inviting community input on the issue of redress and civil litigation.
It said that many people would prefer a single national redress scheme to be administered by the Australian Government, with institutions contributing to the funding of the scheme based on their responsibility to individual survivors.
Based on modelling assuming that 65,000 eligible survivors would receive payments of $65,000 each, the total cost of redress would be $4.38 billion according to the report.
“The cost of redress would be spread over a number of years,” royal commission chairman Justice Peter McClellan said in Sydney this morning.
“The actuarial model over 10 years suggests, on these assumptions, the maximum cost in any one year is likely to be in the order of $650 million nationally.”
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