Meeting Statutory Obligations: What Every NDIS Business Must Know
Running a business funded by National Disability Insurance Scheme (NDIS) is both a privilege and responsibility. While the core mission is to delivery high-quality, person-cantered care, operating in this space means providers must also adhere to a wide range of statutory obligations.
Failure to meet these obligations doesn’t just risk financial penalties, it can result in the cancellation and suspension of NDIS registration to provide service and penalties for Directors.
What are statutory obligations?
Statutory obligations are legal responsibilities imposed by law. For NDIS providers, not only are there NDIS-specific statutory obligations, but also statutory obligations for business under Federal Australian and State laws.
Not only does Statutory Compliance ensure regulation requirements are met, but in an NDIS provider business, they also:
Protect Participants with ensuring they receive safe, respectful and high-quality services that are ultimately publicly funded.
Build trust and reputation with participants, families and referral partners.
Prevents level and financial consequences like fines, sanctions, deregistration and Director penalties.
Enable growth with easier scaling, funding attraction and expansion of services across regions or support categories
Allows you to build a business that is building a compliant and aligned workforce
Ensure the business meets statutory obligations as and when they are due, such as tax Pay as you Go (PAYG), Payroll Tax and Income Tax.
Explore more NDIS business sustainability and growth topics in Transform Consultancy workshops.