The NDIS gets an overhaul, and the King of Pop's movie flop

Squiz Today10mApril 22, 2026

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AI-Generated Summary

This episode of Squiz Today covers a range of national and international stories, beginning with major reforms to the National Disability Insurance Scheme (NDIS) announced by Health Minister Mark Butler. The government plans to cut $15 billion annually by 2030, reduce the scheme's growth rate from 10% to 2%, and cut eligibility to prioritize those most in need—potentially affecting 160,000 people. The changes, including shifting mild-to-moderate autism cases to a new program and reducing funding for non-essential activities, have sparked concern from disability advocates and opposition leaders. On the global front, the US-Iran ceasefire is extended but remains fragile amid ongoing tensions, including Iranian military actions in the Strait of Hormuz and stalled peace talks. In domestic politics, the Farrah by-election is heating up, with the Liberal and National parties backing One Nation over independent candidate Michelle Milthorpe, potentially shifting the balance of power. Meanwhile, Cochlear’s stock plummeted over 40% on the ASX due to lowered earnings forecasts tied to geopolitical and US policy factors. The Michael Jackson biopic 'Michael' received poor critical reception but is still drawing audiences, possibly due to the singer’s enduring popularity. The episode also features a promotional segment on ComBank’s new partnership with Australian fashion label Bear Park, including an interview with founder Bella Pereira about her design philosophy and upcoming Fashion Week showcase.

Key Takeaways
1

The NDIS is undergoing a major overhaul to reduce costs by $15 billion annually and cap growth at 2% by 2030, with eligibility changes expected to reduce participants from 760,000 to 600,000.

2

US-Iran tensions remain high despite an extended ceasefire, with Iran blocking US naval movements and conducting military actions in the Strait of Hormuz.

3

In the Farrah by-election, Liberal and National parties are directing preferences to One Nation, potentially undermining independent candidate Michelle Milthorpe.

4

Cochlear’s ASX share price dropped over 40% due to lower earnings forecasts tied to US Medicaid cuts and global instability.

5

The Michael Jackson biopic 'Michael' received negative reviews but is performing well at the box office, likely due to the singer’s lasting cultural influence.

…and 2 more takeaways available in PodZeus

Chapters
0:00
1 min

Opening Segment & Sponsor Intro

The episode opens with a brief introduction from hosts Alice Dempster and Andrew Williams, followed by a sponsor message from ComBank announcing its new partnership with Australian fashion label Bear Park.

1:00
5 min

NDIS Overhaul Announced

If you've been following any news around the NDIS in recent years, you'll know that this reset hasn't come out of the blue. It's been flagged and discussed for a long time. The scheme costs $50 billion a year, and it's on track to grow to $100 billion within a decade. So the government's long known that that's not going to be sustainable.

Highlight
5:30
2 min

US-Iran Ceasefire and Regional Tensions

The US-Iran ceasefire is extended, but peace talks in Pakistan have been called off due to unresolved issues, including Iran's refusal to send a delegation unless the US lifts its blockade of Iranian ports in the Strait of Hormuz.

7:30
2 min

Farrah By-Election Preferences

The Libs and Nats preferences are notable because it could hurt Milthorpe's attempt to win Farrah, and it's likely to help One Nation candidate David Farley.

Highlight
9:00
1 min

Cochlear Drop & Michael Jackson Film Review

It's been described as bland by the BBC, cruise ship entertainment by The Guardian and dull by news.com.au.

Highlight
High-Impact Quotes
If you've been following any news around the NDIS in recent years, you'll know that this reset hasn't come out of the blue. It's been flagged and discussed for a long time. The scheme costs $50 billion a year, and it's on track to grow to $100 billion within a decade. So the government's long known that that's not going to be sustainable.
Andrew Williams1:30
Viral: 85.0
It's been described as bland by the BBC, cruise ship entertainment by The Guardian and dull by news.com.au.
Alice Dempster8:11
Viral: 80.0
It's not actually about the designers. It's about all the different roles that come together across the industry to put on a show.
Bella Pereira13:19
Viral: 75.0
Speakers

Hosts

Alice DempsterAndrew Williams

Guest

Bella Pereira
Topics Discussed
NDIS Reform95%Australian By-Elections85%US-Iran Relations80%Stock Market Volatility75%Film Criticism70%Australian Fashion Week65%Corporate Fashion Partnerships60%Workwear Design55%
People & Brands

Bear Park

organization

10xPositive

ComBank

organization

8xPositive

Michael Jackson

person

6xPositive

Cochlear

organization

5xNegative

Mark Butler

person

5xNeutral

Michael (film)

media

4xNegative

ASX

organization

3xNeutral

Larissa Waters

person

2xNegative

Donald Trump

person

2xNeutral

Michelle Milthorpe

person

2xNeutral

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