Outcomes Fund update – July 2024
Treasury with support from the Department of Social Services, completed the consultation stage for the Outcomes Fund in early 2024.
The design of the Outcomes Fund was announced in the 2024–25 Budget. Download and see page 174 in Budget Paper 2.
The $100 million Outcomes Fund commenced from 2024–25 and was informed by the co-design and consultation process.
For more information on the Outcomes Fund, you can email the Department of Social Services at outcomesfund@dss.gov.au.
The Australian Government is establishing a new $100 million Outcomes Fund from 2024–25 and is consulting with stakeholders on the design.
The Outcomes Fund will make contractual payments to states, territories and service providers based on the delivery of agreed, measurable outcomes in local communities.
The Outcomes Fund is one of the initiatives in the $199.8 million Targeting Entrenched Disadvantage package announced in the 2023–24 Budget.
The package lays the foundations for community‑led change, facilitates genuine partnership and capability building alongside key stakeholders, and complements universal social service offerings.
Webinar
Treasury is leading the co-design process of the Commonwealth Outcomes Fund with support from the Department of Social Services.
In this 15-minute webinar, Marg Thomas (Assistant Secretary) and Tiffany Deamer (Director) of the Targeting Entrenched Disadvantage Taskforce discussed:
- the scope and objectives of the Outcomes Fund
- the co-design progress to date, including consultations with stakeholders
- next steps, including an online survey that will capture views on the Outcomes Fund and Social Impact Investing more broadly in Australia.