office of the registrar of indigenous corporations · 26/10/2016 · the top 500 corporations...
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OFFICE OF THE REGISTRAR OF INDIGENOUS CORPORATIONS
The top 500 corporationsPresentation to the AICDDarwin, 26 October 2016
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PROFILE OF CORPORATIONS
Approximately 2800 corporations
56 per cent are in remote areas
About 95 per cent are non-profit
Most are publicly funded but some generate significant private income
e.g. linked to mining or the arts industries
Variety of sizes and functions, many are land holding
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LOCATION OF CORPORATIONSas at 30 June 2016
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WHICH LEGISLATION DOES THE REGISTRAR ADMINISTER?
• Corporations (Aboriginal and Torres Strait Islander) Act 2006(CATSI Act)
• It started on 1 July 2007
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WHAT SERVICES DOES ORIC OFFER?
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THE TOP 500 REPORT
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WHERE ARE THE TOP 500?
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INCOME OF THE TOP 500In 2014–15:• combined income = $1.882 billion• average income = $3.76 million
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INCOME OF THE TOP 500
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AVERAGE INCOME BY STATE
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AVERAGE INCOME BY REGION
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AVERAGE INCOME PILBARA
Average income of top 500 corporations based in Pilbaracompared with all top 500 corporations
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PROFITABILITY
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PROFITABILITY
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ASSETS
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MULTI-SECTOR
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EMPLOYEES
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CHANGES IN EMPLOYEES
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DIRECTORS
Average:8.1 directors
per corporation
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NATIVE TITLE BODIES
• Native title and Aboriginal land holding bodies will play an increasingly important role in Australia’s economy in the future.
• The Native Title Act 1993 requires all registered native title bodies (RNTBCs or PBCs) to be registered under the CATSI Act.
• Royalty associations under the Aboriginal Land Rights (NT) Act 1976 must also be registered under the CATSI Act.
• There has been a dramatic increase in recent years in the number of native title claims being finalised.
• As at today there are 158 registered RNTBCs.
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RNTBCS (as at 30 June 2015)
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GOVERNMENT PROCUREMENT POLICIES
• Commonwealth Indigenous Procurement Policy — 1 July 2015• Commonwealth Government has committed to a procurement
target for goods and services from Indigenous businesses — three per cent of Commonwealth contracts awarded to Indigenous businesses by 2020.
• NT Government remote contracting policy — employment and business development targets
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Num
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Specific land claims in Canada 2008 to 2016
Total in progress Total concluded
THE CANADIAN EXPERIENCE
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AN AMERICAN EXPERIENCE
Nana Regional Corporation Inc.• Established in 1972 under the Alaska Native Claims Settlement Act
• Owned by more than 13,000 Alaska native shareholders of Iñupiaq descent
• The NANA region encompasses 38,000 square miles in Northwest Alaska, most of which is above the Arctic Circle — 11 communities and villages
• NANA has employed 11,500 individuals in 2012 in 50 states, 3 US territories, 8 countries on 4 continents around the world
• 2012: $1.8 billion, 2011: $1.8 billion, 2010: $1.59 billion, 2009: $1.25 billion, 2008: $1.175 billion, 2007: $975.5 million, 2006: $821.9 million, 2005: $532.4 million, 2004: $334.5 million, 2003: $266.0 million
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INCOME FOR RNTBCS
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ASSETS FOR RNTBCS
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