Hundreds of millions of dollars of investments in NDIS service providers by insurance giant NIB and industry super-owned IFM Investors have been potentially undermined by review recommendations to end the lucrative business of paying invoices and managing participant budgets.
“It’s not the job of the government to create NDIS millionaires, it is to look after the people on the scheme,” Disability Minister Bill Shorten said on Thursday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
