30/05/2026
People should not become wealthy from NDIS. .
“Key figures in the Gillard government, who founded the NDIS, have gone on to chair union-backed super funds that are the biggest financial winners from the disability scheme.
In the largest transaction in NDIS history, a firm co-owned by more than a dozen industry funds turned a $28m investment into a $360m payday in just four years.
The firm, IFM Investors, used its “private equity” division to buy over 80 per cent of the largest NDIS plan management company, Adelaide-based My Plan Manager, from founder Claire Wittwer-Smith in 2019.
Documents obtained by this masthead reveal IFM forked out $26.8m in cash to a former special ed teacher, who had started My Plan Manager (MPM) in 2014 after leaving a job at the National Disability Insurance Agency.
At the time of the buy, IFM Investors was chaired by ex federal Labor cabinet minister and one-time ACTU boss Greg Combet.
When IFM sold MPM in 2023, Mr Combet had left. But former Labor cabinet minister Lindsay Tanner had joined as a director.
IFM Investors is ultimately owned by industry super funds including Hesta – chaired by former Labor health minister Nicola Roxon – and Cbus, whose board is led by ex Labor treasurer Wayne Swan.
All four were ministers under Julia Gillard, who founded the NDIS.
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Disabled people should not be treated like commodities.
The fact that NDIS companies can be sold for millions of dollars shows that the scheme has been set up in a way to benefit grifters and not disabled people.
It should as no surprise that superannuation funds are involved in this grifting as they have a long established track record in grifting fees from poor working Australians.
Nor should it come as no surprise that the Labor party are behind this grifting.
Hiding behind their faux bleeding hearts are multimillionaires deceiving taxpayers of hard earned tax dollars and disabled people the proper support they need.
And don’t forget the money Superannuation funds pour into foreign owned renewables.
Peoplefirstparty.au is the only party prepared to stop these rorts. Sign up today.
