In The Media | 2 March 2017

New fund ‘necessary’ for future of NDIS

The failure to pass laws creating a special savings account will put at risk the future of the national disability insurance scheme, the government has warned parliament.

Social Services Minister Christian Porter on Thursday said the fund would allow the Commonwealth to accumulate clearly-identified savings, and protect that money to exclusively pay for the future of the NDIS.

“A failure to support the bill is a failure to support a process that is absolutely necessary for the NDIS,” he told MPs.

“It is absolutely necessary to give certainty and peace of mind to what will eventually be the 460,000 estimated participants in the NDIS.”

Every Australian citizen also needed to be assured that the shortfall, which arises in 2019/20, will not be funded by further taxes or borrowings, he said.