66Simplified outline of this Part

66 Simplified outline of this Part

This Part explains how to work out an institution’s or funder of last resort’s contribution to the costs of the administration of the scheme for a quarter.

Also, this Part requires written agreement, and written withdrawal of agreement, by the Commonwealth or a participating Territory to the listing of a defunct institution, partly‑participating institution or institution listed under section 164C of the Act as one for which the Commonwealth or Territory will be a funder of last resort.