00:00 Descending on Parliament.
00:04 It's a beautiful morning in Canberra.
00:06 With a packed agenda for the final National Cabinet meeting of the year.
00:10 Obviously the states are interested in looking at what kind of reform the GST and the NDIS will look like into the future
00:17 and everybody's coming to the table in a constructive way.
00:20 The Commonwealth needing an agreement on National Disability Insurance Scheme funding as it battles to rein in its rising costs.
00:29 The NDIS at the moment with its projections of where it was headed was simply not sustainable.
00:37 The NDIS currently growing at 14% a year.
00:41 The government previously committing to limit that to 8% by 2026.
00:46 Announcing a new model for delivering foundational supports such as services for children with developmental delays.
00:53 There may well be additional costs for the states and that will be shared 50/50 between the Commonwealth and the states.
01:02 The Commonwealth also left to pick up the bill for extending the no worse off GST guarantee for another three years
01:10 in return for state and territory support at a cost of $3.5 billion per year.
01:17 Stopping short of demands from states for it to be made permanent.
01:21 Significant but imperfect. This will mean that in three years time there will be another debate.
01:27 I'm comfortable, I'm quite sure there's going to be further negotiations down the track but we're very comfortable with that.
01:32 Today's announcement offering a pathway forward by kicking questions of funding down the road.
01:38 The leaders separately agreeing to an additional $1.2 billion towards Medicare
01:43 and the Commonwealth paying more towards the operation of state hospitals.
01:47 The federal government also agreeing to fund a national firearms register within the next four years.
01:53 years.
01:53 [BLANK_AUDIO]
