Indigenous Land Corporation gpo box 652 Adelaide sa 5001

2. Insurance

The Corporation has insured for risks through the Government’s insurable risk managed fund, ‘Comcover’. Workers’ compensation for the ILC is insured through Comcare Australia. Workers’ compensation for the other entities making up the economic entity are insured through workers’ compensation providers in the state that the operations are located.

3. Economic dependency

The Corporation was established by section 191A of the Indigenous Land Corporation (ATSIC Amendment) Act 1995 and is controlled by the Commonwealth of Australia. During the reporting period the ILC was dependent on the return on the investments of the Aboriginal and Torres Strait Islander Land Account.