Indigenous Business Australia
IBA
2001 – present
Previously Aboriginal and Torres Strait Islander Commercial Development Corporation (1990–2001).
Statutory corporation that promotes the economic self-sufficiency of Aboriginal and Torres Strait Islander people through home loans, business finance and support, and investment in commercial ventures.
Names over time
- Aboriginal and Torres Strait Islander Commercial Development Corporation1990–2001
- Indigenous Business Australia2001–present
How it came into existence
Created in 2001 when the Aboriginal and Torres Strait Islander Commission Amendment Act 2001 (assented 20 March 2001) renamed the Aboriginal and Torres Strait Islander Commercial Development Corporation, founded in 1990, as Indigenous Business Australia, to separate its commercial role from ATSIC; on the abolition of ATSIC in March 2005 it took over ATSIC's home ownership and business development programs.
- Commercial investment and joint ventures
Legislation: Aboriginal and Torres Strait Islander Act 2005, Part 4
Changes during its life
- 24 March 2005Its enabling Act was renamed the Aboriginal and Torres Strait Islander Act 2005 when ATSIC was abolished.
- 18 September 2013Moved from the Families, Housing, Community Services and Indigenous Affairs portfolio to the Prime Minister and Cabinet portfolio.
- Home ownership loans program
- Business development and loans program
Main functions
- Home loans for Indigenous people
- Business loans and business support
- Commercial investments and joint ventures
- Investment products for Indigenous organisations
Where it sits
In the portfolio of Department of the Prime Minister and Cabinet.
- Type of body
- Corporate Commonwealth entity
- Portfolio
- Prime Minister and Cabinet
- Accountable authority
- Indigenous Business Australia Board – Aboriginal and Torres Strait Islander Act 2005 section 145 with reference to section 165(2) note (membership section 155)
- ABN
- 25 192 932 833
Lineage
Loading lineage…
Sources
Primary sources
- List of Commonwealth entities and companies under the PGPA Act, 1 July 2026 (Department of Finance)
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 11 December 2014 to the latest release (30 June 2026))
- Aboriginal and Torres Strait Islander Commission Amendment Act 2001 (as made)
Government records and websites
Other sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.