The Indigenous Land and Sea Corporation (ILSC) is an Australian government entity dedicated to fostering sustainable development and empowerment for Indigenous Australians. Established in 1995, ILSC plays a crucial role in managing and supporting Indigenous-held land and sea initiatives.
ILSC’s primary focus is on empowering Indigenous Australians by facilitating economic, cultural, and environmental initiatives. They work closely with Indigenous communities to ensure the sustainable management of land and sea resources, promoting self-determination and economic independence.
The core goals of ILSC revolve around Indigenous empowerment, economic development, and cultural preservation. They aim to facilitate land acquisitions, support Indigenous businesses, and provide resources for sustainable projects that contribute to community well-being and environmental conservation.
ILSC operates as a government-owned corporation, with a governance structure that involves a Board of Directors responsible for decision-making. This structure ensures accountability and transparency in managing Indigenous land and sea initiatives.
While ILSC’s primary focus is on Indigenous land management and community development, sustainable finance principles are embedded in their initiatives. Economic development projects initiated by ILSC aim for long-term sustainability, ensuring that financial investments contribute to both economic growth and environmental preservation.
ILSC provides valuable resources and support for Indigenous communities, including access to funding for land acquisitions, business development, and cultural projects. Their website serves as a hub for information on their initiatives, projects, and available resources, offering transparency on how they contribute to Indigenous empowerment.
The ILSC receives an annual payment of about $45 million, derived from investment returns of the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
