Summary
Amends the: Aboriginal and Torres Strait Islander Act 2005 to: give the Indigenous Land Corporation (ILC) functions in relation to water-related rights; require the ILC to prepare a National Indigenous Land and Sea Strategy and regional indigenous land and sea strategies; align rules for dealings in water-related rights granted by the ILC, or acquired with ILC assistance, with rules for dealings in land granted by, or acquired with, ILC assistance; and include experience in water management as a qualifying criteria for membership of the ILC Board; and Aboriginal and Torres Strait Islander Act 2005 and Remuneration Tribunal Act 1973 to rename the ILC as the Indigenous Land and Sea Corporation.