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Second Reading Speeches

Aboriginal and Torres Strait Islander Amendment (A Stronger Land Account) Bill 2014

Type
Private
Sponsor(s)
SIEWERT, Sen Rachel
Originating house
Senate
Status
Not Proceeding
Parliament no
44

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Summary

Amends the:

Aboriginal and Torres Strait Islander Act 2005
to: clarify the purpose of the Aboriginal and Torres Strait Islander Land Account; provide for excess returns from Land Account investments to be equally shared between the Account and the Indigenous Land Corporation (ILC); provide that the minister may have regard to advice provided by the ILC about its financial requirements; provide for parliamentary review of any proposed changes to the ILC and the Land Account; provide for the establishment of a Nomination Committee to make recommendations about appointments to the ILC Board; require the ILC Board to establish a Risk and Audit Management Committee; limit the tenure and reappointments of directors; require the chair and directors to disclose all pecuniary interests; and require the ILC Board to determine a code of conduct.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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