Indigenous Land Corporation
| Statutory authority overview | |
|---|---|
| Formed | 1 June 1995 |
| Jurisdiction | Australia |
| Headquarters | Adelaide, South Australia |
| Employees | 274 (as at 30 June 2015) |
| Annual budget | A$118 million (2015) |
| Minister responsible | |
| Statutory authority executive |
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| Parent department | Department of the Prime Minister and Cabinet |
| Child agencies |
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| Key documents |
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| Website | www |
The Indigenous Land Corporation (ILC) is an Australian Commonwealth statutory authority with national responsibilities to assist Aboriginal and Torres Strait Islander people to acquire land and to manage assets to achieve cultural, social, environmental and economic benefits for indigenous peoples and future generations.
The ILC has a seven-member board, appointed by the Minister for Indigenous Affairs. The Chairperson and at least four other members of the Board must be indigenous. The ILC Board makes all policy and land acquisition decisions. The ILC was formed following the Mabo decision which first recognised native title in Australia and the prior ownership of land by indigenous people, rejecting the doctrine of terra nullius.
The ILC was established pursuant to the Land Fund and Indigenous Land Corporation (ATSIC Amendment) Act 1995 (Cth) that allocated an indexed sum of A$121 million from the Australian Government to the ILC over a period of ten years to 30 June 2004. Since June 2004, the ILC has been self-sufficient. In the preceding ten years, one third of allocations could be allocated towards funding ongoing activities. The ILC is now regulated by the Aboriginal and Torres Strait Islander Act 2005 (Cth) s 191.
The ILC has acquired a number of assets, some of which are run as stand-alone subsidiary businesses including Voyages Indigenous Tourism Australia ('Voyages'), National Indigenous Pastoral Enterprises, and National Centre of Indigenous Excellence. Following its 2010 acquisition by the ILC, Voyages established a training academy at the Ayres Rock Resort to provide young Indigenous people with accredited training in hospitality and the resort significantly increased its level of Indigenous staff from 1 per cent of the workforce at time of acquisition to approximately 32 per cent of the workforce in 2015.
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