Federal Treasury has looked at offloading some financial responsibility for the $22 billion National Disability Insurance Scheme (NDIS) to the private sector.
The Government has warned the NDIS has a multi-billion dollar funding gap, and Treasury is grappling with projected federal deficits of more than $120 billion.
A freedom of information (FOI) investigation by ABC News has obtained documents showing Treasury has explored shifting some of the scheme’s cost to the private sector through social impact bonds, particularly for children with developmental problems.
Social bonds use private finance, with governments paying a return that depends on the outcome achieved.
Source: The New Daily