A blowout in spending on the National Disability Insurance Scheme has forced the Australian government to make tough cuts to rein the program in ahead of its May budget.

On this week’s episode, economy reporter Swati Pandey discusses how NDIS spending rose so rapidly, concerns about misuse of the program, and how the government plans to fix it with greater oversight, curbs on fraud and tighter eligibility rules.

A blowout in spending on the National Disability Insurance Scheme has forced the Australian government to make tough cuts to rein the program in ahead of its May budget.
On this week&rsquo;s episode, economy reporter Swati Pandey discusses how NDIS spending rose so rapidly, concerns about misuse of the program, and how the government plans to fix it with greater oversight, curbs on fraud and tighter eligibility rules.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

How the NDIS Became a Budget Blowout, And the Race to Fix It

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e77c0146-dfbc-46f6-a0d5-b435003b3a2e/transcript

Macquarie is entering a new era. After nearly four decades at the investment bank and almost eight years as chief executive, Shemara Wikramanayake is stepping down, handing over to veteran executive Greg Ward after overseeing a period of record profits, surging share prices and growing global influence.

Bloomberg finance reporter Richard Henderson joins Rebecca Jones to unpack Wikramanayake's legacy, why Ward emerged as the board's choice, and the challenges awaiting him — from slowing mortgage growth to regulatory scrutiny and preserving the entrepreneurial culture that has long set Macquarie apart from its rivals.

Macquarie is entering a new era. After nearly four decades at the investment bank and almost eight years as chief executive, Shemara Wikramanayake is stepping down, handing over to veteran executive Greg Ward after overseeing a period of record profits, surging share prices and growing global influence.
Bloomberg finance reporter Richard Henderson joins Rebecca Jones to unpack Wikramanayake's legacy, why Ward emerged as the board's choice, and the challenges awaiting him &mdash; from slowing mortgage growth to regulatory scrutiny and preserving the entrepreneurial culture that has long set Macquarie apart from its rivals.

Macquarie’s Next Era: From Millionaire Paydays to Mortgage Rivalry

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/356436e8-52a9-4d8e-8cc1-b49700233093/transcript

Almost 100,000 New Zealanders have moved to Australia in the past two years, as higher wages, bigger retirement savings and stronger career opportunities prove too tempting to ignore. For Australia, the surge is helping ease chronic shortages of nurses, police officers and other skilled workers. For New Zealand, it’s fueling concerns about a growing brain drain ahead of a November election.

In this episode, Chris Bourke speaks with Wellington Bureau Chief Ainsley Thomson about why Australia is winning the battle for Kiwi talent, how employers are actively recruiting across the Tasman, and what the migration boom means for both economies.

Almost 100,000 New Zealanders have moved to Australia in the past two years, as higher wages, bigger retirement savings and stronger career opportunities prove too tempting to ignore. For Australia, the surge is helping ease chronic shortages of nurses, police officers and other skilled workers. For New Zealand, it&rsquo;s fueling concerns about a growing brain drain ahead of a November election.
In this episode, Chris Bourke speaks with Wellington Bureau Chief Ainsley Thomson about why Australia is winning the battle for Kiwi talent, how employers are actively recruiting across the Tasman, and what the migration boom means for both economies.

How Australia Became the Lucky Country – for New Zealanders

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3115e2c1-aa1e-4771-97ad-b490002ed928/transcript

Marker 01

On a windswept cliff at the edge of Tasmania, scientists are quietly tracking the future of our planet. This week, host Rebecca Jones speaks with David Stringer, managing editor of climate and ESG news in Asia, about Kennaook/Cape Grim — home to some of the cleanest air on Earth and one of the world’s most important climate monitoring stations. Learn how decades of data are reshaping our understanding of climate change, why the site matters to governments and investors, and what Australia’s role could be in the global climate fight.

On a windswept cliff at the edge of Tasmania, scientists are quietly tracking the future of our planet. This week, host Rebecca Jones speaks with David Stringer, managing editor of climate and ESG news in Asia, about Kennaook/Cape Grim &mdash; home to some of the cleanest air on Earth and one of the world&rsquo;s most important climate monitoring stations. Learn how decades of data are reshaping our understanding of climate change, why the site matters to governments and investors, and what Australia&rsquo;s role could be in the global climate fight.

What a Tower in Tasmania Tells Us About the Future of Planet Earth

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d9904585-825d-4cb4-8832-b48900101d42/transcript

How the NDIS Became a Budget Blowout, And the Race to Fix It

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