Portfolio: Prime Minister and Cabinet
http://www.iba.gov.au
$283M
2026-27 Budget (Budget Paper No. 4)$150M
2024-25 Total Revenue350
Headcount (2024-25)8 tagged
Reform proposals on YourGov that name this department as a delivery partner — drawn from citizen voice, government strategy, research, international examples and gap analysis.
STRATEGY SUMMARY
To assist and enhance Aboriginal and Torres Strait Islander self-management and economic self-sufficiency. To advance the commercial and economic interests of Aboriginal persons and Torres Strait Islanders by accumulating and using a substantial capital asset for the benefit of Aboriginal and Torres Strait Islander peoples. [CP p.10]
PURPOSE
To assist and enhance Aboriginal and Torres Strait Islander self-management and economic self-sufficiency. To advance the commercial and economic interests of Aboriginal persons and Torres Strait Islanders by accumulating and using a substantial capital asset for the benefit of Aboriginal and Torres Strait Islander peoples. [CP p.10]
Corporate Plan 2025-26 · p.10Strategic priorities
· 5
Outcomes
· 1
Outcome 1: Improved economic inclusion and participation
To enhance the financial wellbeing and independence of Aboriginal and Torres Strait Islander people through distribution of home and business finance, access to wealth generating opportunities and capability development activities. [CP p.10]
KEY ACTIVITIES
Values
· 5
Responsive
Informed
Connected
Invested
Respectful
Performance measures
· 6
| Code | Measure | Target 2025-26 | Latest result | Status |
|---|---|---|---|---|
PM1 | Total annual number of Aboriginal and Torres Strait Islander people provided with access to capability building, knowledge and networks directly by IBA and indirectly through partnerships. | >45 out of 100 Corporate Plan 2025-26 · p.41 | 89% of IBA’s operating budget was self-funded. Annual Report 2024-25 · p.41 | Not achieved |
PM2 | Total annual sum of capital and capability development support approved and/or distributed by IBA specifically for the benefit of Aboriginal and Torres Strait Islander people. | >45 out of 100 Corporate Plan 2025-26 · p.41 | Distributing more than $389 million through capital and capability development activities. Annual Report 2024-25 · p.41 | Achieved |
PM4 | Reported levels of Aboriginal and Torres Strait Islander financial wellbeing. | Expected performance results: >45 out of 100 Corporate Plan 2025-26 · p.41 | 89% of IBA’s operating budget was self-funded. Annual Report 2024-25 · p.41 | Achieved |
PM5 | Reported levels of positive impacts of IBA’s activities by Aboriginal and Torres Strait Islander people. | Expected performance results: >45 out of 100 Corporate Plan 2025-26 · p.41 | Distributing more than $389 million through capital and capability development activities. Annual Report 2024-25 · p.41 | Achieved |
PM8 | Average conversion rate of demand into a home, business or investment outcome. | >43% Corporate Plan 2025-26 · p.41 | 86.6% of home loan customers Annual Report 2024-25 · p.41 | Achieved |
PM9 | Total rate of efficiency of IBA in achieving its purpose (cost to income ratio). | <69% Corporate Plan 2025-26 · p.41 | <69% Annual Report 2024-25 · p.41 | Achieved |
Source documents
· 13
2024-25
IBA Annual Report 2024-25 (PDF 20 MB)
Open
2023-24
IBA Annual Report 2023-24 (PDF 26 MB)
Open
2022-23
IBA Annual Report 2022-23 (PDF 22 MB)
Open
2021-22
IBA Annual Report 2021-22 (PDF 5.8 MB)
Open
2020-21
IBA Annual Report 2020-21 (PDF 6.4 MB
Open
2025-26
IBA Corporate Plan 2025-26 (PDF 7 MB)
Open
2024-25
IBA Corporate Plan 2024-25 (PDF 7 MB)
Open
2023-24
IBA Corporate Plan 2023-24 (PDF 7MB)
Open
2022-23
IBA Corporate Plan 2022-23 (PDF 6 MB)
Open
2021-22
IBA Corporate Plan 2021-22 (PDF 4 MB)
Open
2025
IBA Strategy towards 2030 (PDF 262 Kb)
Open
2025
Net Zero Opportunities for First Nations (PDF 640 KB)
Open
IBA Impact Framework (PDF 4 MB)
Open
Ideas distilled from this entity's strategy & evidence
· 8
Streamline Home Loan Approvals
Reduce the time taken to approve home loans by implementing a more efficient digital application process.
2024-25.pdf
Expand Business Loan Programs
Expand existing business loan programs to include more flexible terms and higher loan limits to support more startups.
2025-26.pdf
Improve Financial Literacy
Enhance financial literacy programs to better equip clients with the knowledge to manage loans and investments.
2024-25.pdf
Adopt Overseas Success Model
Implement a successful model from another country’s Indigenous business support program to boost economic participation.
association-worldbank.org-governance.txt
Enhance Data Collection
Improve data collection processes to better track and analyze the impact of IBA’s programs on Indigenous economic participation.
2025-26.pdf
Improve Case Management
Optimize case management systems to ensure timely and efficient handling of client applications.
2024-25.pdf
Boost ESG Performance
Develop and implement a robust Environmental, Social, and Governance (ESG) framework to enhance IBA’s sustainability and ethical practices.
2025-26.pdf
Reduce Procurement Costs
Negotiate better terms and reduce costs on procurement contracts to pass savings onto Indigenous businesses.
2024-25.pdf
Streamline Home Loan Approvals
Reduce the time taken to approve home loans by implementing a more efficient digital application process.
2024-25.pdf
Expand Business Loan Programs
Expand existing business loan programs to include more flexible terms and higher loan limits to support more startups.
2025-26.pdf
Improve Financial Literacy
Enhance financial literacy programs to better equip clients with the knowledge to manage loans and investments.
2024-25.pdf
Adopt Overseas Success Model
Implement a successful model from another country’s Indigenous business support program to boost economic participation.
association-worldbank.org-governance.txt
Enhance Data Collection
Improve data collection processes to better track and analyze the impact of IBA’s programs on Indigenous economic participation.
2025-26.pdf
Improve Case Management
Optimize case management systems to ensure timely and efficient handling of client applications.
2024-25.pdf
Boost ESG Performance
Develop and implement a robust Environmental, Social, and Governance (ESG) framework to enhance IBA’s sustainability and ethical practices.
2025-26.pdf
Reduce Procurement Costs
Negotiate better terms and reduce costs on procurement contracts to pass savings onto Indigenous businesses.
2024-25.pdf
Legislation administered
· 2
2005
Aboriginal and Torres Strait Islander Act 2005
To assist and enhance Aboriginal and Torres Strait Islander self-management and economic self-sufficiency. To advance the commercial and economic interests of Aboriginal persons and Torres Strait Islanders by accumulating and using a substantial capital asset for the benefit of Aboriginal and Torres Strait Islander peoples.
2013
Public Governance, Performance and Accountability Act 2013
To prepare a corporate plan each year in accordance with the Act.
Source library
· 18
20.8MB
2024-25.pdf
27.3MB
2023-24.pdf
23.1MB
2022-23.pdf
6.5MB
2021-22.pdf
6.6MB
2020-21.pdf
6.8MB
2025-26.pdf
7.5MB
2024-25.pdf
3.8MB
2023-24.pdf
6.3MB
2022-23.pdf
3.9MB
2021-22.pdf
5.7MB
IBA-Pathways-Housing.pdf
476KB
IBA-Pathways-Housing-Factsheet.pdf
Bodies within the Prime Minister and Cabinet portfolio
Northern Territory Aboriginal Investment Corporation
Corporate Commonwealth Entity
Wreck Bay Aboriginal Community Council
Corporate Commonwealth Entity
Torres Strait Regional Authority
Corporate Commonwealth Entity
Tiwi Land Council
Corporate Commonwealth Entity
Outback Stores Pty Ltd
Commonwealth Company
Office of the Official Secretary to the Governor-General
Non-corporate Commonwealth Entity
Office of National Intelligence
Non-corporate Commonwealth Entity
Northern Land Council
Corporate Commonwealth Entity
National Australia Day Council Limited
Commonwealth Company
Indigenous Land and Sea Corporation
Corporate Commonwealth Entity
Central Land Council
Corporate Commonwealth Entity
Australian Public Service Commission
Non-corporate Commonwealth Entity