In The Media | 18 March 2016

NDIS savings to help fund federal contribution

Social Services minister Christian Porter introduced a bill on Tuesday to create a savings fund to pay for the federal government’s contribution to the scheme after 2019, when it says it faces a $5 billion funding shortfall.

Mr Porter said the fund would have an opening balance of $162.4 million in NDIS savings, set aside last year after trials revealed that “some future costs during transition will be lower than originally anticipated.”

If passed, the fund would allow the government to “pool and protect underspends and specific savings from across government over future years, locking them in as forward contributions to the NDIS,” he said.

Source: The Sydney Morning Herald