NDIA’s Insurance Principles stated in the 2019-2023 Corporate Plan
Dear National Disability Insurance Agency,
Please provide a copy of all references, citations and all underlying sources of the NDIA’s ‘Insurance Principles’ cited in the NDIA Corporate Plan 2019-2023 [1].
Context:
In Appendix 1: Insurance Principles of the NDIA’s Corporate Plan 2019-2023, the Agency states:
“The Scheme is premised on an insurance, not welfare, approach. This insurance approach is underpinned by four insurance principles:
1. Develop actuarial estimates of the reasonable and necessary support needs of the targeted population: The Scheme Actuary will estimate the aggregate annual funding requirements through analysis of reasonable and necessary support needs, including a buffer for cash-flow volatility and uncertainty. We will continually test the aggregate funding requirement against emerging experience.
2. Focus on lifetime value for Scheme participants: we will focus on lifetime value for Scheme participants, seeking opportunities for the most cost-effective allocation of resources through early investment in capacity building.
3. Invest in research and innovation: we invest in research and innovation aligned to its goals of improving social and economic participation, and independence of participants.
4. Support the development of community capability and social capital: we will invest at a systemic level, in addition to providing individual supports. This includes encouraging the use of mainstream services, building community capacity and social capital. These activities will benefit all people with disability, including people with disability who are not participants in the Scheme.
The NDIA Board will govern the insurance principles and assess, monitor, report and manage Scheme sustainability within a prudential framework “ [2]. However, no specific terms of reference, citations or official links to this view is provide. This request seeks the source/input and validity of these views and definitions.
Thank you for your assistance with this request.
Yours faithfully,
Shirley
References:
1. NDIA (2019) Corporate Plan 2019-2023, National Disability Insurance Agency, Australian Government. Available at: < https://www.ndis.gov.au/media/1645/downl...> . Accessed [13 Jun 21]
2. Ibid. Page 48
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References
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Dear Shirley
Thank you for your request for information.
Please find attached correspondence in relation to your request. If you
require the attachment in a different format, please let us know.
We’re sorry to let you know that it will take us longer than expected to
process your request. This is because the material you are requesting
will require multiple consultations and searches with different line
areas.
We are, therefore, writing to seek your agreement to a 30 day extension of
time under section 15AA of the FOI Act. This would make the new due date
12 August 2021.
Please let us know whether you agree by 12:00pm Friday 2 July 2021.
If you don’t agree, we may need to seek an extension from the Office of
Australian Information Commissioner.
Please contact us at [1][NDIA request email] if you have any questions or
require help.
Kind regards
Freedom of Information Officer
Parliamentary, Ministerial and FOI Branch
Government Division
National Disability Insurance Agency
E: [2][NDIA request email]
[3]Title: NDIS delivered by the National Disability Insurance Agency
The NDIA acknowledges the Traditional Custodians of Country throughout
Australia and their continuing connection to land, sea and community. We
pay our respects to them and their cultures and to Elders past, present
and emerging.
References
Visible links
1. mailto:[NDIA request email]
2. mailto:[NDIA request email]
Dear Shirley
Thank you for your request for information.
Please find attached correspondence in relation to your request. If you
require the attachment in a different format, please let us know.
We’re sorry to let you know that it will take us longer than expected to
process your request. This is because the material you are requesting
will require multiple consultations and searches with different line
areas.
We are, therefore, writing to seek your agreement to a 30 day extension of
time under section 15AA of the FOI Act. This would make the new due date
12 August 2021.
Please let us know whether you agree by 12:00pm Friday 2 July 2021.
If you don’t agree, we may need to seek an extension from the Office of
Australian Information Commissioner.
Please contact us at [1][NDIA request email] if you have any questions or
require help.
Kind regards
Freedom of Information Officer
Parliamentary, Ministerial and FOI Branch
Government Division
National Disability Insurance Agency
E: [2][NDIA request email]
[3]Title: NDIS delivered by the National Disability Insurance Agency
The NDIA acknowledges the Traditional Custodians of Country throughout
Australia and their continuing connection to land, sea and community. We
pay our respects to them and their cultures and to Elders past, present
and emerging.
References
Visible links
1. mailto:[NDIA request email]
2. mailto:[NDIA request email]
Dear Shirley
Thank you for your request for information.
Please find attached correspondence in relation to your request. If you
require these in a different format, please let us know.
Please contact us at [1][NDIA request email] if you have any questions or
require help.
Thank you.
Kind regards
Freedom of Information Officer
Parliamentary, Ministerial & FOI Branch
Government Division
National Disability Insurance Agency
[2]Title: NDIS delivered by the National Disability Insurance Agency
The NDIA acknowledges the Traditional Custodians of Country throughout
Australia and their continuing connection to land, sea and community. We
pay our respects to them and their cultures and to Elders past, present
and emerging.
References
Visible links
1. mailto:[NDIA request email]
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