CEO of Gobbill (& Aspect Plan Management), Shendon Ewans spoke about #NDIS fraud at the Transform Finance Conference (Anti-Money Laundering #AML, #Fraud, Technology Innovation & #Security) on the 1st of December 2022 Crowne Plaza Melbourne.
The topic covered “Insights Into the Extent of Fraud in the National Disability Insurance Scheme (NDIS) Costing Billions Yearly.”
The latest federal #budget2022 forecasts spending on the #NDIS could hit ~$100 billion per annum in a decade and is looking at a new Taskforce costing $126m over four years to tackle NDIS fraud.
• The NDIS costs the Federal Budget $27b (FY22) and it has allocated $38b for FY23.
• Fraud levels have been reported to be as high as 15-20% (~$5b) last year.
• Gobbill has been detecting and preventing #scams and #fraud for its NDIS clients and other vulnerable people over years.
The presentation explored the extent of the problem based on insights from the data collected and possible solutions.
