A Dilworth old boy says financial compensation can only mark the start of efforts to address 50 years of abuse at the school.
A former chaplain and teacher, Ross Browne, has pleaded guilty to 15 criminal charges relating to historical sexual abuse and one charge of possession of objectionable publications.
Steven Gray went to the Anglican Boys school between 1978 and 1982.
When he was just 13 he tried to report what was going on, but was threatened with legal action.
He told reporter Charlotte Cook, it's horrific how long the abuse went on, but compensation is a start.
Dilworth Trust Board chairman Aaron Snodgrass announced the news about compensation to the Old Boys through a video to Facebook.
He told them after consultation with experts and recommendations from the Royal Commission it had decided to offer financial redress - the finer details of which are still being decided.