We got it wrong on ‘wasteful’ NDIS: former PC boss

Former Productivity Commission boss Gary Banks has conceded the organisation got it wrong when it recommended the creation of the National Disability Insurance Scheme, and warned that Labor’s proposed overhaul will do little to reduce the program’s explosive budget trajectory.

“In retrospect, the commission clearly underestimated the incentives for ‘overservicing’ that such a scheme presents and, in particular, was too optimistic about the prospects of an eventual payback to the economy,” Professor Banks said in a speech to the Centre for Independent Studies’ The Road Ahead conference on Wednesday.