OFFICE OF THE REGISTRAR OF INDIGENOUS CORPORATIONS

The top 500 corporationsPresentation to the AICDDarwin, 26 October 2016

PROFILE OF CORPORATIONS

Approximately 2800 corporations

56 per cent are in remote areas

About 95 per cent are non-profit

Most are publicly funded but some generate significant private income

e.g. linked to mining or the arts industries

Variety of sizes and functions, many are land holding

LOCATION OF CORPORATIONSas at 30 June 2016

WHICH LEGISLATION DOES THE REGISTRAR ADMINISTER?

• Corporations (Aboriginal and Torres Strait Islander) Act 2006(CATSI Act)

• It started on 1 July 2007

WHAT SERVICES DOES ORIC OFFER?

THE TOP 500 REPORT

WHERE ARE THE TOP 500?

INCOME OF THE TOP 500In 2014–15:• combined income = $1.882 billion• average income = $3.76 million

INCOME OF THE TOP 500

AVERAGE INCOME BY STATE

AVERAGE INCOME BY REGION

AVERAGE INCOME PILBARA

Average income of top 500 corporations based in Pilbaracompared with all top 500 corporations

PROFITABILITY

PROFITABILITY

ASSETS

MULTI-SECTOR

EMPLOYEES

CHANGES IN EMPLOYEES

DIRECTORS

Average:8.1 directors

per corporation

NATIVE TITLE BODIES

• Native title and Aboriginal land holding bodies will play an increasingly important role in Australia’s economy in the future.

• The Native Title Act 1993 requires all registered native title bodies (RNTBCs or PBCs) to be registered under the CATSI Act.

• Royalty associations under the Aboriginal Land Rights (NT) Act 1976 must also be registered under the CATSI Act.

• There has been a dramatic increase in recent years in the number of native title claims being finalised.

• As at today there are 158 registered RNTBCs.

RNTBCS (as at 30 June 2015)

GOVERNMENT PROCUREMENT POLICIES

• Commonwealth Indigenous Procurement Policy — 1 July 2015• Commonwealth Government has committed to a procurement

target for goods and services from Indigenous businesses — three per cent of Commonwealth contracts awarded to Indigenous businesses by 2020.

• NT Government remote contracting policy — employment and business development targets

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Specific land claims in Canada 2008 to 2016

Total in progress Total concluded

THE CANADIAN EXPERIENCE

AN AMERICAN EXPERIENCE

Nana Regional Corporation Inc.• Established in 1972 under the Alaska Native Claims Settlement Act

• Owned by more than 13,000 Alaska native shareholders of Iñupiaq descent

• The NANA region encompasses 38,000 square miles in Northwest Alaska, most of which is above the Arctic Circle — 11 communities and villages

• NANA has employed 11,500 individuals in 2012 in 50 states, 3 US territories, 8 countries on 4 continents around the world

• 2012: $1.8 billion, 2011: $1.8 billion, 2010: $1.59 billion, 2009: $1.25 billion, 2008: $1.175 billion, 2007: $975.5 million, 2006: $821.9 million, 2005: $532.4 million, 2004: $334.5 million, 2003: $266.0 million

INCOME FOR RNTBCS

ASSETS FOR RNTBCS

Questions or comments?

www.oric.gov.auinfo@oric.gov.au1800 622 431