The Evolution of Indigenous Corporations: Where to Now?
35 Pages Posted: 10 Aug 2013
Date Written: November 1, 2012
Since 1976, Indigenous Australians have been able to provide for the constitution of Aboriginal councils and the incorporation of associations of Aboriginals under the Aboriginal Councils and Associations Act 1976 (Cth). The introduction of these business structures sought to provide Indigenous Australians with the power to adopt and pursue culturally appropriate businesses structures and practices. While the legislation marked a step forward in the empowerment of Indigenous Australians, the criticism of the Act led to its eventual repeal and the introduction of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth). In light of Australia’s endorsement of the United Nations Declaration on the Rights of Indigenous Peoples, this article considers the evolution of Indigenous corporations in Australia and assesses the extent to which Indigenous business structures have enabled Indigenous Australians to operate their businesses in a manner commensurate with their culture and traditions.
Keywords: Indigenous Corporations, Aboriginal Councils and Associations, UN Declaration on the Rights of Indigenous Peoples
JEL Classification: D63, G38, H10, K00, K20, K22
Suggested Citation: Suggested Citation