A Social Benefit Bond (SBB, sometimes known as a Social Impact Bond) is a new financial instrument that pays a return to private investors based on the achievement of agreed social outcomes.
Under a SBB, an investor provides upfront funds to a partner (not-for profit organisation (NFP) or intermediary) to provide services.
Part of the Government savings are used to repay this investment and provide a reward payment commensurate with the outcomes achieved.
The trial will explore the capacity for Social Benefit Bonds to:
· Increase funding for prevention and early intervention programs in a sustainable manner
· Catalyse the development of the social finance sector
· Harness the innovation capacity of both investors and service providers
· Improve the evidence base for, and focus on measuring the impact of, social services.
States and Territories: ACT, NT, QLD, SA, TAS, VIC, WA
Additional Details / Instructions
An information briefing will be held at Level 41, Governor Macquarie Tower, 1 Farrer Place, Sydney on 11 October 2011 at 2pm - 4pm.
Please note that attendance is limited to three people per organisation. Parties interested in attending the briefing are required to register the names of the people who will be representing their organisation to firstname.lastname@example.org
48 hours notice is required for any changes in attendees.
FIRST TIME USERS:
First time visitors to this web site will need to self-register on this web site to download documents and lodge responses.
After you have self-registered click on the LODGE A RESPONSE link at the bottom of the page and follow the on-screen instructions.
To be able to do this you may require the following software to be installed on your PC:
Adobe Acrobat Reader 8.0 (or more recent) - Please click http://www.adobe.com to be taken to a free download site.
WinZip 10.0 (or more recent) or equivalent - Please click http://www.winzip.com to be taken to a free evaluation download site now.
Microsoft Word 2003 (or more recent) or equivalent.
Microsoft Excel 2003 (or more recent) or equivalent.
The tenderer is responsible for the provision and installation of the necessary software.
Any amendments (including addenda and changes to tender period) will be made available on that web site, and a notification email will be sent to the system user email address of those that have accessed the web site and obtained the documents.