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New NDIS Savings Fund Account

Social Services Minister Christian Porter has introduced a Bill into Parliament to establish the NDIS Savings Fund Special Account. The Fund will collect underspends and savings that the Minister said would help meet the Commonwealth’s contribution to the scheme from 2019-20.

“We will set up the fund and then set aside specific, identified and protected savings,” Porter said.

“At full scheme in 2019-20, the NDIS will transform the lives of around 460,000 Australians who are living with disability. Today’s announcement will give them the final certainty they deserve.”

“The Commonwealth will fully fund its ongoing contribution to the scheme. We are committed to properly, adequately and sustainably funding the NDIS.”

To read the full Pro Bono article click here

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