The Department of Social Services published an independent review of NDIA’s actuarial forecast model and drivers of Scheme costs on Friday 28 January, 2022.
At the August 2021 meeting, Disability Ministers directed work be undertaken to understand cost drivers and the underpinning assumptions in the Scheme Actuary’s National Disability Insurance Scheme (NDIS) Annual Financial Sustainability Report (AFSR), with a report back to Ministers on findings in December 2021.
Independent actuarial firm, Taylor Fry, was commissioned to do this work.
Taylor Fry’s report - Review of NDIA actuarial forecast model and drivers of Scheme costs – (the report) was presented to Disability Ministers at their December 2021 meeting.
At that meeting, Ministers endorsed publishing the report along with an Easy Read summary.
People with disability and their representatives will have the opportunity to discuss the report in early 2022 to inform further consideration by Ministers.
You can read the report and more information about this work .