| The National Aboriginal and Torres Strait Islander Land Fund was established as part of the Australian federal government's 3 stage response to the decision in Mabo v Queensland [No 2] (1992). It was designed to assist Aboriginal and Torres Strait Islander people to buy and manage land. The Land Fund is a public trust account, which was established to provide an ongoing source of funds to the Indigenous Land Corporation (ILC). It is managed by the Commonwealth Minister for Finance and Administration. Government allocations to the Land Fund are set to cease in 2004, however funding to the ILC will continue from investment income earned by the Land Fund. |
