Try, Test and Learn Fund 2016 Budget PricewaterhouseCoopers to undertake an actuarial analysis of the social security system to The Try, Test and Learn Fund is an identify risk factors driving long-term welfare innovative approach to developing and dependency. This will help the Government to better assess the effectiveness of policy designed implementing ways of helping people live to decrease welfare dependency. independently of welfare. The approach will target groups who have the capacity to work New insights to be gained through the Priority Investment Approach will allow for the design and and are at risk of long-term welfare assessment of innovative policies which can dependency to help ensure Australia’s safety increase the chances of sustained employment net remains sustainable for future and self-reliance. generations. Under the Try, Test and Learn Fund, the Department of Social Services will seek proposals for policy interventions from What was announced in relevant Commonwealth agencies and external the 2016 Budget? experts and from the not-for-profit and sector who will all have access to the The Commonwealth Government has announced relevant data. a $96.1 million Try, Test and Fund to finance Annual actuarial valuations and open data innovative policy interventions to help people find platforms will be used to track the effectiveness of jobs and avoid getting trapped on welfare. policy interventions and ineffective approaches The new interventions will target groups of people would be ceased and funding re-directed. who have the capacity to work and are at risk of More information long-term welfare dependency. The groups of people will be identified through the For more information about this measure and finalisation of the actuarial report and other Department of Social Services’ Budget accompanying data soon to be available through measures, visit the website (). the Australian Priority Investment Approach to Welfare. For information the 2016 Budget, visit the website (). Under the Priority Investment Approach, the Government has commissioned
Try, Test and Learn Fund 2016 Budget The Try, Test and Learn Fund is an innovative approach to developing and implementing ways of helping people live independently of welfare. The approach will target groups who have the capacity to work and are at risk of long-term welfare dependency to help ensure Australia’s safety net remains sustainable for future generations. What was announced in the 2016 Budget? The Commonwealth Government has announced a $96.1 million Try, Test and Fund to finance innovative policy interventions to help people find jobs and avoid getting trapped on welfare. The new interventions will target groups of people who have the capacity to work and are at risk of long-term welfare dependency. The groups of people will be identified through the finalisation of the actuarial report and accompanying data soon to be available through the Australian Priority Investment Approach to Welfare. Under the Priority Investment Approach, the Government has commissioned PricewaterhouseCoopers to undertake an actuarial analysis of the social security system to identify risk factors driving long-term welfare dependency. This will help the Government to better assess the effectiveness of policy designed to decrease welfare dependency. New insights to be gained through the Priority Investment Approach will allow for the design and assessment of innovative policies which can increase the chances of sustained employment and self-reliance. Under the Try, Test and Learn Fund, the Department of Social Services will seek proposals for policy interventions from relevant Commonwealth agencies and external experts and from the not-for-profit and sector who will all have access to the relevant data. Annual actuarial valuations and open data platforms will be used to track the effectiveness of policy interventions and ineffective approaches would be ceased and funding re-directed. More information For more information about this measure and other Department of Social Services’ Budget measures, visit the website (). For information the 2016 Budget, visit the website ().
160503_-_try_test_learn.docx