The Indigenous Land and Sea Corporation (ILSC) is pleased to announce the implementation of its new Consent and Caveats Policy – aimed at creating a fair and transparent approach to the ILSC’s assessment of applications to consent to the transfer or charging of granted Assets.
This policy is placing the power into the hands of Aboriginal and Torres Strait Islander Corporations by providing greater autonomy and flexibility over their grant-funded Assets.
The new policy and guidelines have been developed to reduce the administrative burden for these corporations by providing a clear, streamlined process for dealing with consent requests.
The policy change aims to deliver increased economic development opportunities and provide greater freedom to Indigenous communities and organisations to determine how they would like to deal with their grant-funded Assets.
It is important to understand that there will not be an automatic lifting of all caveats lodged over ILSC granted Assets, including Aboriginal and Torres Strait Islander Commission (ATSIC) and predecessor properties transferred to the ILSC. Nor will the change lift caveats on Assets against the will of a corporation.
Rather, the positive change will further allow Aboriginal and Torres Strait Islander Corporations to enjoy the benefits of owning and managing Country has to offer.
To find out more about the new policy and what it means for you, www.ilsc.gov.au/partner-with-us/consent-caveat-policy.