2018-19 Budget – Job growth, economic opportunities and essential services for First Australians

2018-19 Budget – Job growth, economic opportunities and essential services for First Australians

Indigenous Affairs
Tuesday, 08 May 2018

Department of the Prime Minister and Cabinet

Backing the economic aspirations of First Australians

The Australian Government’s Indigenous Affairs 2018-19 Budget will focus on delivering job growth, economic opportunities and essential services for Aboriginal and Torres Strait Islander peoples.

Key budget deliverables include reforms to the Community Development Programme (CDP), a landmark investment in remote housing in the Northern Territory and reform of the current Aboriginal and Torres Strait Islander Land Account.

The new CDP reforms will support 6,000 subsidised jobs in remote areas. These reforms recognise that more needs to be done to support remote job seekers into work and provide better targeted support while job seekers move along a pathway to work. The reforms ensure that the CDP continues to drive employment in remote Australia by improving the skills and employability of job seekers.

First Australians living in the Northern Territory will also benefit through a $550 million investment over five years to support remote housing in Indigenous communities across the Northern Territory. The funding will be matched by the Northern Territory Government to create a landmark $1.1 billion joint government investment in remote housing.

This long-term investment will ensure overcrowding continues to be addressed and existing houses are maintained. It will provide significant local jobs and apprenticeships for Aboriginal and Torres Strait Islander peoples and opportunities for Indigenous businesses.

This year’s Budget also includes a new Aboriginal and Torres Strait Islander Land and Sea Future Fund (ATSILSFF) which was announced by the Prime Minister, the Hon. Malcolm Turnbull MP during Closing the Gap Week 2018. The new Fund will replace the $2 billion Land Account.

The new ATSILSFF will be managed by the Future Fund Board of Guardians (FFBG); an experienced, specialised and trusted investor of public money, which will ensure this critical fund is up to $1.5 billion better off over 20 years. The Government will also expand the functions of the Indigenous Land Corporation (ILC) to include water rights to bring the ILC in line with traditional understandings of country.

The Government is committed to delivering positive outcomes for Aboriginal and Torres Strait Islander peoples and their communities.