NDIS Full Scheme Agreement With NSW - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 25, 2018 Newswires
Share
Share
Tweet
Email

NDIS Full Scheme Agreement With NSW

Targeted News Service (Press Releases)

CANBERRA, Australia, May 25 -- The office of the Prime Minister of Australia issued the following news release:

Australians with a disability, their families and their carers will be better off under a landmark agreement reached today between the Commonwealth and New South Wales Governments.

The arrangement ensures the full rollout of the National Disability Insurance Scheme (NDIS) in NSW - the first state to officially sign up to the full scheme.

It will deliver certainty on the long-term arrangements for the NDIS, and represents an important step in ensuring the financial sustainability of the NDIS in the future.

The agreement announced today reflects the Australian and New South Wales Governments' shared responsibility for the NDIS and locks in arrangements for both governments to make ongoing, up-front funding contributions to the scheme.

This is a significant milestone in the delivery of one of the most important social reforms in our nation's history. It places people at the centre of the system, and gives them choice and control over the services they receive.

This is all part of the Government's plan for a stronger economy - delivering essential services that Australians rely on.

Today's agreement is a fair deal, and aligns with the 2017 Productivity Commission Review of NDIS Costs. As the Productivity Commission recommended:

* The NSW Government has agreed that its annual funding contribution to the NDIS, which exceeds $3 billion in 2018-19, will be escalated by 4 per cent per year to keep pace with population and price increases;

* The Australian Government will pay the balance of NDIS costs in NSW, providing certainty that the NDIS will remain fully funded into the future;

* The two governments have committed to use shared funding to establish a NDIS reserve from 1 July 2019, to provide greater flexibility to manage the sustainability of the NDIS.

The agreement will enable NSW to access $3.1 billion of DisabilityCare Australia Fund payments between 2018-19 and 2023-24.

Securing the agreement means more certainty for disability service providers in NSW. The NDIS is strengthening our economy and guaranteeing essential services by creating tens of thousands of new jobs and boosting opportunities for businesses across the country.

Over 84,000 people in NSW are already benefiting from the NDIS, including more than 16,000 people who had not previously accessed government funded specialist disability supports. The NDIS is expected to eventually support around 140,000 people with disability in NSW.

The Australian Government is committed to finalising agreements for NDIS full scheme arrangements with each state and territory, improving the lives of around 460,000 people with disability across Australia.

The NDIS full scheme agreement for NSW will take effect from 1 July 2018.

Older

Majority of Insurers Still in the Dark on Key Solvency II Requirements, Finds Industry Survey

Newer

Planned Parenthood Endorses Mikie Sherrill for Congress

Advisor News

  • Main Street families need trusted financial guidance to navigate the new Trump Accounts
  • Are the holidays a good time to have a long-term care conversation?
  • Gen X unsure whether they can catch up with retirement saving
  • Bill that could expand access to annuities headed to the House
  • Private equity, crypto and the risks retirees can’t ignore
More Advisor News

Annuity News

  • New York Life continues to close in on Athene; annuity sales up 50%
  • Hildene Capital Management Announces Purchase Agreement to Acquire Annuity Provider SILAC
  • Removing barriers to annuity adoption in 2026
  • An Application for the Trademark “EMPOWER INVESTMENTS” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Bill that could expand access to annuities headed to the House
More Annuity News

Health/Employee Benefits News

  • Home Health Aides Will Get New Medical Insurance
  • Older Texans facing steep hikes for ACA insurance
  • Examining Medicare rules for dental services
  • Lower health costs with small business plan
  • “Assessment of the Impact of Vaccine Funding by the National Health Insurance on Vaccination Coverage Among Patients Targeted by Current Vaccination Recommendations and Followed in Outpatient Consultations in Ile-de-France Region in France””: Coronavirus – COVID-19
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Judge tosses Penn Mutual whole life lawsuit; plaintiffs to refile
  • On the Move: Dec. 4, 2025
  • Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
  • Seritage Growth Properties Makes $20 Million Loan Prepayment
  • AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • ePIC University: Empowering Advisors to Integrate Estate Planning Into Their Practice With Confidence
  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
  • A Heartfelt Letter to the Independent Advisor Community
  • 3 Mark Financial Celebrates 40 Years of Partnerships and Purpose
  • Hexure Launches AI Enabled Version of Its Platform to Power Life Insurance Sales
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet