Aboriginal and Torres Strait Islander Commercial Development Corporation
CDC
1990 – 2001
Renamed Indigenous Business Australia in 2001.
Statutory corporation that invested in commercial enterprises and joint ventures to build the economic independence of Aboriginal and Torres Strait Islander people.
Names over time
- Aboriginal and Torres Strait Islander Commercial Development Corporation1990–2001
- Indigenous Business Australia2001–present
How it came into existence
Established in 1990 under Part 4 of the Aboriginal and Torres Strait Islander Commission Act 1989 as a corporation separate from ATSIC, taking over the commercial investments of the Aboriginal Development Commission.
- Commercial investments and enterprises
Legislation: Aboriginal and Torres Strait Islander Commission Act 1989
Changes during its life
- 21 October 1998Moved with the other Aboriginal and Torres Strait Islander affairs bodies into the Prime Minister and Cabinet portfolio.
How it ended
Renamed Indigenous Business Australia in 2001 by the Aboriginal and Torres Strait Islander Commission Amendment Act 2001 (assented 20 March 2001), which amended the Aboriginal and Torres Strait Islander Commission Act 1989.
- Commercial investment and joint ventures
Main functions
- Commercial investment
- Joint ventures with Indigenous organisations
- Equity in commercial businesses
- Commercial advice to Indigenous organisations
Where it sits
Last in the portfolio of Department of the Prime Minister and Cabinet.
Lineage
Loading lineage…
Sources
Government records and websites
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.