The Registrar of Indigenous Corporations, Anthony Beven, today released a report on the highest performing Aboriginal and Torres Strait Islander corporations for 2009–10.
The top 500 Aboriginal and Torres Strait Islander Corporations 2009–10 is the third report of its kind published by the Registrar.
‘The findings are positive,’ Mr Beven said. ‘Despite subdued economic conditions during 2009–10, the top 500 Aboriginal and Torres Strait Islander corporations performed very well. Collectively they generated over $1 billion in income—a result they also achieved last year.’ This year’s top 500 report includes a case study on Bawinanga Aboriginal Corporation (BAC). BAC is located in the Maningrida region about 500 kilometres east of Darwin. Over 12 different language groups identify with the region and the corporation provides a range of important services to communities. The corporation operates a supermarket, a fuel supply service, a mechanical workshop, an outdoor supplies service and nursery, and a commercial kitchen. It also provides an outlet to some 800 artists within Arnhem Land.
‘BAC is an excellent example of a large, diverse and high performing Aboriginal owned and controlled corporation. It not only ensures that Aboriginal people have access to daily essentials, such as fresh food, grocery items and fuel, but also creates jobs and a sustainable future for the people of the Maningrida region,’ Mr Beven said.
The report shows there are a large number of Aboriginal and Torres Strait Islander corporations contributing positively to the economy as well as to their communities.
To download The top 500 Aboriginal and Torres Strait Islander Corporations 2009–10 please go to the ORIC website at www.oric.gov.au.
30 August 2011
Christa De Jager
(02) 6219 7611
Ref: ORIC MR1112-05