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Greens announce Bill to strengthen ILC & Land Account



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24 June 2014

Greens announce Bill to strengthen ILC & Land Account

The Australian Greens will today introduce a Private Member’s Bill to the Senate to

strengthen the Aboriginal and Torres Strait Islander Land Account and the Indigenous Land

Corporation.

“The Land Account has enormous significance to Aboriginal and Torres Strait Islander

peoples,” Senator Rachel Siewert, Australian Greens spokesperson on Aboriginal and Torres

Strait Islander Issues said today.

“The measures in our Bill will strengthen the Land Account, preventing it from being

utilised for any purpose other than the original intended purpose of acquiring and

managing land for the environmental, social, cultural and economic benefit of Aboriginal

and Torres Strait Islander peoples.

“With talk of merging the Indigenous Land Corporation and Indigenous Business Australia,

safeguards are needed in legislation to protect the Land Account from changes that weaken

its capacity.

“This Bill provides an important assurance that the Account will be protected for the benefit

of future generations, and includes provisions which enable it to grow over time.

“Our Bill also emphasises the importance of having an independent and Indigenous

controlled ILC Board, strengthens the appointment processes to ensure Aboriginal and

Torres Strait Islander peoples have input into who runs the ILC and implements very strong

corporate governance and transparency measures, to provide confidence that the ILC and

Land Account funds are being managed in accordance with the highest standards.

“We will move to have this Bill examined by a Senate Inquiry, to provide a further

opportunity for consultation.

“The creation of the Land Account and the Indigenous Land Corporation were two

important outcomes following the Mabo judgment and it provides Aboriginal and Torres

Strait Islander peoples with an opportunity to be partially compensated for the loss of their

Land. Our Bill helps protect this important legacy,” Senator Siewert concluded.

Senator Siewert will introduce the Aboriginal and Torres Strait Islander Amendment (A Stronger Land Account) Bill 2014 in the Senate this afternoon.

Media Enquiries - Chris Redman on 0418 401 180