| Chairperson’s report achievements
In 2013–14, the Indigenous Land Corporation (ILC) continued to work with Indigenous communities and organisations, industry, government agencies and not-for-profit groups across Australia to achieve Indigenous benefits through the operation of its land acquisition and land management programmes. It is against this background that I am pleased to present our annual report on behalf of the ILC Board of Directors.
The ILC’s strategic directions are set out in the five-year National Indigenous Land Strategy, reviewed and redeveloped last financial year after wide consultation with Indigenous Australians. The NILS 2013–17 sets out two priorities for the ILC’s operations – access to and protection of cultural and environmental values and socioeconomic development.
This year the Board has been mindful of the ILC’s origins in the historic compact that followed the High Court’s Mabo judgment, which recognised Indigenous peoples’ native title rights to land. The ILC was established to use revenues from the Aboriginal and Torres Strait Islander Land Account (the Land Account), part of the native title settlement negotiated in 1993 between the Australian Government and Indigenous leaders. The Land Account provides partial compensation for the fact that most Aboriginal and Torres Strait Islander peoples cannot benefit from the Native Title Act 1993, as their native title has most likely been extinguished.
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