The NDIS Jobs and Market Fund is now open
NDIS Jobs and Market Fund
The first round of the $45.6m NDIS Jobs and Market Fund is now open. The Fund is designed to support the NDIS market and workforce growth over three years. A total of $6m to $10m for up to two years is available in Round One. For individual grants, the minimum application amount is $50,000; there is no maximum but it is anticipated that most grants will be between $100,000 and $1 million.
Additional funding rounds will be undertaken during the 2018-19 and the 2020-21 financial years. These later rounds will prioritise specific market and workforce needs, such as thin markets and Aboriginal and Torres Strait Islander service provision.
Applications for Round One close at 2pm AEDT on 17 January 2019. More information is available on the webpage.
NDIA Market Enablement Framework
The NDIA has released its long awaited framework to support the development of the NDIS. The framework builds on previous work including the NDIS Market Approach, Rural and Remote strategy and other statements that describe the NDIA’s market oversight or stewardship role to ensure the NDIS works effectively.
NDS has been stressing the urgent need for effective market stewardship of the supply of NDIS services. This framework is part of what is needed. The recent Joint Standing Committee on the NDIS noted the need for stewardship to create the conditions for:
• new providers to enter the market and grow and existing providers to exit
• providers to actively compete, in desirable ways
• service users able and motivated to make informed choices
• appropriate levels of funding to achieve government objectives
The framework aims to balance responsiveness to current market issues, largely attributing short term challenges to the rapid pace of reform, with advance warning and mitigation of potential future issues. To achieve this, the NDIA will disseminate and collect information, modify prices and rely on local area coordinators’ understanding of local geographic and sub markets.
The framework presents market enablement as a reactive response to failing markets, “which in most cases do not require intervention”. The framework outlines a number of scenarios for market failure and potential responses, which mainly assume that provider failure or exit will seamlessly be absorbed by the spare capacity of other providers or re-absorption of workforce.
The framework offers no further clarity on timelines for price deregulation or movement toward (outcome based) pricing models that stimulate and reward innovation, as recommended by the McKinsey Independent Pricing Review.