Super Yachts and Super Models. The Herald Sun on the wealth being extracted from Australia’s National Insurance Disability Scheme

‘Why Australians are investing billions into NDIS services and providers’

The Herald Sun looks into the lifestyles of the billionaire investors extracting profits from the National Disability Insurance Scheme - a system funded by the public with the intention of supporting some of the most vulnerable people in Australia.

CICTAR’s Jason Ward is quoted in a story that reflects countless examples from across the globe, where the entry of private actors into core social services results in no benefit for workers, or for those that need the services. But enormous profits for already wealthy investors.

“The extractive private equity model has left a trail of disaster around the world when it comes to public spending on social services,” Mr Ward said.