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34 Notice of determination made because of section 58 of the Act

(1) For the purposes of subsection 58(5) of the Act, if the Operator makes a determination under section 29 of the Act because of section 58 of the Act, the Operator must give written notice of the determination to the person (except a participating institution or partly‑participating institution) the Operator considers most appropriate.

Note 1: Section 58 of the Act requires an application for redress to be determined despite the death of the applicant.

Note 2: Sections 35 and 35A of the Act require institutions and funders of last resort specified in the determination to be given notice too.

(2) The notice must state: (a) whether or not the application has been approved; and (b) the reasons for the determination; and (c) if the application is approved—the amount of the redress payment.