Meaning of managing the funding for supports under a participant’s plan

Source:  NDIS Act 2013
 
Managing the funding for supports under a participant’s plan means:
  • purchasing the supports identified in the plan (including paying any applicable indirect costs, such as taxes, associated with the supports); and
  • receiving and managing any funding provided by the Agency; and
  • acquitting any funding provided by the Agency
  • the plan must specify that such funding is to be managed wholly, or to a specified extent, by:
    • the participant; or
    • a registered plan management provider; or
    • the Agency; or
    • the plan nominee

 

The different types of fund management:

  • Plan management request
  • Self  management request
  • Agency Management request