Chapter 6

Fifteenth Report: Interim Report for the s.206(d) Inquiry - Proceedings of Conference on 12 March 1999
Table of Contents

Chapter 6

Operation of the (original) National Aboriginal and Torres Strait Islander Land Fund - s.206(d)(v)

The Original Fund

Legislation

6.1 Part 10 of the Native Title Act 1993 (s.201 - now repealed) established the National Aboriginal and Torres Strait Islander Land Fund. The purpose of the Fund was to assist Aboriginal peoples and Torres Strait Islanders to acquire land and to manage it beneficially. The operation of the Fund was to be governed by regulations under the Native Title Act.

Allocation

6.2 The 1994-95 Budget allocated $200 million to the Land Fund which the Department of Prime Minister and Cabinet administered from 1 July 1994. In July 1994 the Native Title (National Aboriginal and Torres Strait Islander Land Fund) Regulations [1] were promulgated to govern the Land Fund. The Regulations provided that the Fund was a trust account for the purposes of s.62A of the Audit Act (1901) and that:

The New Fund

6.3 In August 1994, during his Second Reading Speech for the ATSIC Amendment Bill, Prime Minister Keating explained that:

6.4 Under the Aboriginal and Torres Strait Islander Commission Act 1989 (the ATSIC Act), the 1994-95 appropriation ($200 million plus appreciation) was transferred on 1 June 1995 to the (new) Aboriginal and Torres Strait Islander Land Fund established pursuant to s.192W(1) of the Land Fund and Indigenous Land Corporation (ATSIC Amendment) Act 1995. Section 201 of the Native Title Act 1993 was repealed by the ATSIC Amendment Act.

6.5 Further, under Part 4A (s.191A), the ATSIC Amendment Act established the Indigenous Land Corporation (ILC) with extensive powers and functions in relation to the acquisition and management of land. In regard to the new Land Fund and the ILC see Chapter 8 of this report.

Summary

The Committee's Duty

6.6 The Committee has the duty to report on the operation of the (original) National Aboriginal and Torres Strait Islander Land Fund established pursuant to Part 10 of the Native Title Act 1993.

 

Footnotes

[1] SR 1994 No.239.

[2] House of Representatives Hansard, 30 August 1994, p.587.