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Economic Development

Aboriginal and Torres Strait Islander people should have the same opportunities for economic participation as other Australians. Economic Development policies and programs are about creating the right enabling environment. We are supporting Indigenous people to make the most out of their land assets and cultural knowledge. In remote areas, we are increasing business and employment opportunities, and making goods and services more easily available. The Government’s purchasing power helps Indigenous businesses, and assists entrepreneurs who want to establish or grow a small business.

Key Dates & Progress

Latest News

Indigenous-owned business: get all the facts

Indigenous businesses continue to grow

Economic Development

Monday, July 24, 2017

Did you know Indigenous-owned businesses currently make up 12,000–16,000 of the 2.1 million businesses in Australia?

Six Indigenous men dressed in different coloured clothing stand and sit around a wood working table in a workshop

Indigenous business sector and jobs

Economic Development

Thursday, May 11, 2017

Indigenous owned and operated businesses will benefit from initiatives in the 2017-18 Budget.

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Indigenous professionals discuss economic development

Economic Development

Thursday, April 6, 2017

Indigenous professionals Dr Sonya Pearce (Entrepreneur, Academic Practitioner Consultant) and Dr Vanessa Lee (Faculty of Health Sciences, University of Sydney) discuss how economic development leads to better opportunities for Indigenous people and for women in particular.

Resources

The Indigenous Business Factsheet

Indigenous Affairs

Regulating Indigenous Corporations - Final Report

Indigenous Affairs

The Registrar of Indigenous Coprorations and the Office of the Registrar of Indigenous Corporations (ORIC) is charged with supporting better governance by approximately 2,800 corporations registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act), and

Draft Consultation Paper: Indigenous Business Sector Strategy - Supercharging Indigenous Business Start-up and Growth

Indigenous Affairs

The draft Strategy outlines a suite of proposed new initiatives to support a vibrant and thriving Indigenous business sector across Australia. It builds on the success of the Indigenous Procurement Policy to put Indigenous business at the forefront of the Australian economy.

Indigenous Procurement Policy Presentation

Indigenous Affairs

This presentation provides an overview of the Indigenous Procurement Policy. It includes information on the target for Commonwealth purchases, mandatory set aside - the contracts it applies to, the application of minimum requirements, accountability and useful links.

Commonwealth Indigenous Procurement Policy

Indigenous Affairs

This document outlines the key components of, and the principles underpinning, the Commonwealth Government’s Indigenous Procurement Policy and provides guidance to assist Commonwealth entities to implement the policy.

Programmes & Policies

Indigenous Procurement Policy (IPP)

Indigenous Procurement Policy

31st March 2017

The purpose of the Indigenous Procurement Policy (IPP) is to leverage the Commonwealth’s annual multi-billion procurement spend to drive demand for Indigenous goods and services, stimulate Indigenous economic development and grow the Indigenous business sector. The IPP was launched on 1 July 2015 and has three main parts:

Overview of the Indigenous Grants Policy

Economic Development

Purpose In late 2016 the Government agreed to the development of an Indigenous Grants Policy (IGP) that increases the involvement of Indigenous people in the grant funded services and programs that are intended to benefit them. The purpose of these stakeholder consultations is to seek input to inform the development, final design and implementation of this new policy.

Supercharging Indigenous Businesses - comments open on the draft Indigenous Business Sector Strategy

Economic Development

On 3 May 2017 the Minister for Indigenous Affairs announced an overhaul of the Government’s support for Indigenous businesses and released the draft Indigenous Business Sector Strategy for consultation.

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