A ROYAL commission estimates there are 65,000 survivors of child sexual abuse across Australia who could be eligible for more than $4.3 billion in compensation.
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Justice Peter McClellan, who heads the Royal Commission on Institutional Responses to Child Abuse, this morning released a consultation paper that modelled the possible costs of redress.
"The consultation paper includes the modelling that assumes 65,000 eligible survivors and average payments of $65,000," he said.
"Based on these assumptions, the total cost of redress nationally would be in the order of $4.378 billion.”
"The actuarial model over ten years suggests, on these assumptions, the maximum cost in any one year is likely to be in the order of $650 million nationally."
"This would be funded by contributions from both governments and institutions."
However, Justice McClellan said the commission had not yet taken a final view on compensation.
"We are seeking submissions which will help us to establish our views and provide recommendations which are just, practical and affordable," he said.
Justice McClellan said the commission would hold return private sessions in Launceston in the first half of this year.