Financial framework for disability services launched



National Disability Services (NDS), in conjunction with Western Australia’s Curtin University, has developed a national costing and pricing framework for disability services.

NDS is the peak industry association for disability services and represents 950 non-government organisations around Australia.

The framework has been released to help mission driven organisations understand the cost of service delivery and to help them plan effectively for the National Disability Insurance Scheme (NDIS).

It provides a set of principles and definitions that can be applied to achieve a mature approach to costing and pricing practice.

CEOs and boards of disability service providers are being encouraged to adopt the framework and to share it with others who have a role in funding, purchasing services from, overseeing or auditing the provision of disability services.

NDS says it is developing an online learning program aligned to the framework to help disability service providers develop practices appropriate to their needs.

It will be developed and progressively implemented over the next 12 months and cover topics such as:

  • Starting off - how to implement costing.
  • Costing practice.
  • Starting off - how to implement pricing.
  • Costing and pricing in the NDIS.
  • How to manage the target price gap.
  • Related financial topics.
  • Solvency and sustainability.

The framework has been acknowledged by the Institute of Chartered Accountants Australia and New Zealand, and has been developed in response to the significant changes occurring in disability services, NDS said.

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