The Australian Government will commence an independent review into Indigenous Business Australia and the Indigenous Land Corporation, Minister for Indigenous Affairs, Senator Nigel Scullion, announced today.
“Improving economic opportunities for Aboriginal and Torres Strait Islander people is essential if we are to close the gap on Indigenous disadvantage,” the Minister said.
“It has been said before that Indigenous Australians are land rich but dirt poor. We must link land to economic opportunity.
“The review will make recommendations about how we might improve the effectiveness of these two principal land and economic development statutory bodies, and how we can drive economic development in an integrated way through employment, training, business development, land acquisition and management as well as home ownership.
“It will explore the optimal structures for our efforts to drive Indigenous economic development and how duplication and overlap can be avoided.
“One issue is whether Indigenous economic outcomes can be enhanced by integrating the Indigenous Land Corporation and Indigenous Business Australia into a single entity.
“The former Government recognised overlap by appointing the same Chair and Deputy Chair for the two governing boards. The review will consider whether the links between these organisations need to be strengthened further.”
Senator Scullion said the review would also consider and make recommendations on how best to structure arrangements to ensure efficient administration and reduce red tape; transparency and accountability of public funds; and appropriate powers of Ministerial direction or Government control.
“The Aboriginal and Torres Strait Islander Land Account will not be part of the review,” the Minister said.
“It provides a stable revenue stream to fund Indigenous land acquisition and management activities and I will ensure that this is maintained,” the Minister said.
Download media release:
2013-12-02 ILC IBA Review.pdf