Northern Territory Aboriginal Investment Corporation
NTAIC · Aboriginal Investment NT
2022 – present
Aboriginal-controlled corporate Commonwealth entity that makes investment, grant and beneficial payment decisions with funds from the Aboriginals Benefit Account for the benefit of Aboriginal people in the Northern Territory.
How it came into existence
Established under section 65B of the Aboriginal Land Rights (Northern Territory) Act 1976, inserted by the Aboriginal Land Rights (Northern Territory) Amendment (Economic Empowerment) Act 2021 (assented to 13 December 2021); an interim board nominated by the four Northern Territory land councils first met in April 2022, and the corporation commenced in 2022, ahead of the legislated deadline of 13 December 2022, taking over decisions on Aboriginals Benefit Account grants and investment from the Minister for Indigenous Australians and the National Indigenous Australians Agency.
- Aboriginals Benefit Account grant decisions and administration
ABA grants had been decided by the Minister for Indigenous Australians on the advice of the ABA Advisory Committee and administered by the agency; the agency continues to administer the Account itself.
Legislation: Aboriginal Land Rights (Northern Territory) Act 1976 (section 65B), as amended by the Aboriginal Land Rights (Northern Territory) Amendment (Economic Empowerment) Act 2021
Main functions
- Investing funds received from the Aboriginals Benefit Account
- Beneficial payments and grants to Aboriginal people and organisations in the Northern Territory
- Supporting Aboriginal economic development and enterprises
- Strategic investment planning for Aboriginal communities
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
- Northern Territory Aboriginal Investment Corporation Board – Aboriginal Land Rights (Northern Territory) Act 1976 section 65B and 65E(1) with reference to section 65EN(3) note (membership section 65EA)
- ABN
- 61 234 978 285
Lineage
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Sources
Primary sources
- List of Commonwealth entities and companies under the PGPA Act, 1 July 2026 (Department of Finance) (as Northern Territory Aboriginal Investment Corporation (Aboriginal Investment NT))
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 1 January 2023 to the latest release (30 June 2026))
- Aboriginal Land Rights (Northern Territory) Amendment (Economic Empowerment) Act 2021 (Federal Register of Legislation)
Government records and websites
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.