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Bill

National Disability Insurance Scheme Savings Fund Special Account Bill 2016

lapsed, as at 2019-07-01. Social Services portfolio.

Sponsor
Not recorded
Portfolio
Social Services

Recorded stages

Divisions

Plain-language summary

Written by a model from the explanatory memorandum; not the record, as at 2016-08-31.

This bill is part of a package that creates a dedicated government fund to help cover future costs of the National Disability Insurance Scheme.

The Social Services Minister would decide what money goes into the fund, and could use it if existing disability funding is not enough to meet a shortfall.

A review of the fund is required before 1 July 2027, and from 2019-20 the fund's yearly closing balance must not exceed the estimated shortfall.

The Commonwealth and its obligations under the National Disability Insurance Scheme Act 2013.

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