National Disability Insurance Scheme Amendment (Getting the NDIS Back on Track No. 1) Bill 2024
Submission 20 - Attachment 2
OFFICIAL: Confidential
Delivered by the National Disability Insurance Agency Imm GPO Box 700 CANBERRA ACT 2601 1800 800 110 ndis.gov.au
1 July 2024 Dear Minister, I am writing to confirm the estimated financial impact of a two month delay to the passage of the National Disability Insurance Scheme Amendment (Getting the NDIS Back on Track No.1) Bill 2024.
A two-month delay in the passage of the Bill is estimated to result in a $1.06 billion increase to NDIS expenditure over the forward estimates, including;
- Delays in legislation amendments addressing intra plan inflation will result in an estimated $330 million increase to NDIS expenditure over the forward estimates
- Delays in legislation amendments that enable development of a new budget model with NDIS participants and the disability community will result in an estimated $730 million increase to NDIS expenditure over the forward estimates.
The financial impact of a two month delay is detailed below.
| Intraplan | $0.33bn |
|---|---|
| Inflation (S33 | 2024/25 Budget). Two months delay reduces this impact |
| and related) in 2024/25 by 1/6 i.e. $0.33bn | |
| Budget Model | $0.73bn |
| Delay to implementation pushes savings profile out by | |
| two months. Hence |
- original estimated benefits (incorporated in 2024/25 Budget) for 2025/26 now commence on 1 September 2025 under revised timing.
- original estimated benefits (incorporated in 2024/25 Budget) for 2026/27 commence on 1 September 2026
- original estimated benefits (incorporated in 2024/25 Budget) for 2027/28 commence on 1 September 2027
Original estimated benefits (incorporated in 2024/25 Budget) for 2027/28 are $4.4bn hence 1/6 of this moves outside the forward estimates period i.e. $0.73bn
National Disability Insurance Scheme Amendment (Getting the NDIS Back on Track No. 1) Bill 2024
Submission 20 - Attachment 2
OFFICIAL: Confidential
| Total | $1.06bn |
|---|
Regards,
David Gifford,
Scheme Actuary Chief Data Officer and General Manager, Analytics, Data and Actuarial National Disability Insurance Agency M E @ndis.gov.au
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