The Indigenous Land And Sea Corporation
What is the ILSC?
The Indigenous Land and Sea Corporation (ILSC) is a corporate Commonwealth entity established under the ATSI Act and subject to the PGPA Act.
The ILSC assists Aboriginal and Torres Strait Islander people to realise economic, social, cultural and environmental benefits that the ownership and management of land, water and water related rights can bring.
The ILSC provides this assistance through the acquisition and management of rights and interests in land, salt water and fresh water country.
The ILSC’s primary governing legislation is Part 4A of the Aboriginal and Torres Strait Islander Act 2005.
The ILSC has priority outcomes for achieving Indigenous benefits:
- Access to and protection of cultural and environmental values: The ILSC recognises the importance of land to Indigenous people’s cultural identity. We are committed to assisting Indigenous people acquire and manage land of cultural and environmental significance, and to protecting and maintaining the cultural and environmental values of land.
- Socioeconomic development: The ILSC assists projects that deliver social and economic outcomes for Indigenous Australians. Priority is given to projects that provide sustainable employment and training that leads to employment. The ILSC believes that sustained employment creates a range of benefits for Indigenous people, including increased standards of living, income and improved health and wellbeing.
By committing to these priorities, the ILSC is helping to build a secure and sustainable Indigenous land base, now and for future generations.
Achievement of benefits for Indigenous people
The ILSC achieves benefits for Aboriginal and Torres Strait Islander people through:
Our Country Our Future is the ILSC’s national funding program. It operates across urban, regional and remote areas—it doesn’t matter where in Australia you live.
The Agribusiness Investment Program supports the development and growth of Indigenous agribusinesses to create a thriving and sustainable Indigenous agribusiness sector.
ILSC Group Subsidiaries
|National Centre for Indigenous Excellence Ltd|
Oversees the National Centre of Indigenous Excellence facility at Redfern, NSW, for the achievement of Indigenous benefits.
|Voyages Indigenous Tourism Australia Pty Ltd||Operates Ayers Rock Resort, NT, Mossman Gorge Centre, QLD, and Home Valley, WA for the achievement of Indigenous benefits, particularly in the areas of employment and training.|
The ILSC defines Indigenous benefits as long-term improvements in Aboriginal and Torres Strait Islander wellbeing.
The ILSC uses priority outcomes and progress indicators to measure its performance.
Priority outcomes and progress indicators
|Purpose||Deliver social, cultural, environmental and economic benefits to Aboriginal and Torres Strait Islander people through land acquisition and land management.|
Policy and planning
The ILSC’s major policy is the National Indigenous Land Strategy (NILS). The NILS outlines the policies, strategies, and priorities that guide the ILSC’s land acquisition and land management functions. In addition, the ILSC has Regional Indigenous Land Strategies (RILS) which give information about the operating environment in each state and territory.
The ILSC also has a range of publications that guide our effective operation and performance.
Funding the ILSC
The ILSC receives an annual payment of at least $45 million, derived from investment returns of the Aboriginal and Torres Strait Islander Land Account, which funds the ILSC. The ILSC cannot access or use the capital of the Land Account.
Reconciliation Action Plan
The ILSC’s Reconciliation Action Plan (RAP) focuses on strengthening our relationships with Aboriginal and Torres Strait Islander people. We collaborate with Indigenous groups and individuals, other agencies, the not-for-profit sector and industry on projects that deliver Indigenous benefits.