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Federal
Joint Venture/Partnership
Indigenous Affairs

Indigenous Prosperity Fund - Growth Fund

Portfolio: Prime Minister and Cabinet

http://www.iba.gov.au/

Ideas relevant to this department

12 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.11]

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.11]

Corporate Plan 2025-26 · p.11

Strategic priorities

· 5

1

Future Made in Australia

Corporate Plan 2025-26 · p.32
2

developing Northern Australia

Corporate Plan 2025-26 · p.32
3

the clean energy transition

Corporate Plan 2025-26 · p.32
4

gender equality and women’s economic empowerment

Corporate Plan 2025-26 · p.32
5

social impact investing and leveraging government investment

Corporate Plan 2025-26 · p.32

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. [AR p.12]

KEY ACTIVITIES

  • distribution of home and business finance
  • access to wealth generating opportunities
  • capability development activities

Values

· 5

Responsive

Informed

Connected

Invested

Respectful

Performance measures

· 9

CodeMeasureTarget 2025-26Latest resultStatus

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.

Amended

Corporate Plan 2025-26 · p.41

Amended

Annual Report 2024-25 · p.41
Not achieved

PM2

Total annual number of Aboriginal and Torres Strait Islander people provided with an IBA product or the opportunity to access the economy through a job or procurement opportunity.

Amended

Corporate Plan 2025-26 · p.41

Amended

Annual Report 2024-25 · p.41
Not achieved

PM3

Total annual sum of capital and capability development support approved and/ distributed by IBA specifically for the benefit of Aboriginal and Torres Strait Islander people.

Amended

Corporate Plan 2025-26 · p.41

Amended

Annual Report 2024-25 · p.41
Not achieved

PM4

Reported levels of Aboriginal and Torres Strait Islander financial wellbeing.

>45 out of 100

Corporate Plan 2025-26 · p.41

Expected performance results

Annual Report 2024-25 · p.41
Not achieved

PM5

Reported levels of positive impacts of IBA’s activities by Aboriginal and Torres Strait Islander people.

Reported levels of positive impacts

Corporate Plan 2025-26 · p.41

Expected performance results

Annual Report 2024-25 · p.41
Not achieved

PM6

Assessment of IBA’s overall ESG performance.

In development

Corporate Plan 2025-26 · p.41

Annual Report 2024-25

PM7

Total proportion of Aboriginal and Torres Strait Islander first home buyers.

80%

Corporate Plan 2025-26 · p.41

80%

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

75%

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

Ideas distilled from this entity's strategy & evidence

· 12

Data & Performance

KPI evidence register with named owners

Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.

Impact: High
Effort: Low
small

IBA-AR-2021-22_web.pdf)

Data & Performance

Outcome dashboard linking budget, delivery, and public impact

Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.

Impact: Very High
Effort: High
large

IBA-AR-2021-22_web.pdf)

Risk & Assurance

Recommendation tracker for audits, reviews, and inquiries

Publish a single internal tracker for audit/review recommendations, owners, due dates, and implementation evidence.

Impact: High
Effort: Low
small

IBA-Corporate-Plan-2024-25.pdf)

Risk & Assurance

Integrated assurance and lessons-learned system

Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.

Impact: Very High
Effort: High
large

IBA-Corporate-Plan-2024-25.pdf)

Citizen Services

Plain-language service pages and proactive status updates

Rewrite high-volume pages and letters into plain language, add status notifications, and measure contact reduction.

Impact: High
Effort: Low
small

IBA-Annual-Report-2024-25_web.pdf)

Citizen Services

Single front door for life-event based services

Bundle services around life events so citizens can complete related steps across agencies in one journey.

Impact: Very High
Effort: High
large

IBA-Annual-Report-2024-25_web.pdf)

Procurement & Delivery

Procurement lessons library for repeat purchases

Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.

Impact: High
Effort: Low
small

IBA-2022-23_AnnualReport_web.pdf)

Procurement & Delivery

Portfolio delivery office for major investments

Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.

Impact: Very High
Effort: High
large

IBA-2022-23_AnnualReport_web.pdf)

Regulation & Policy

Regulatory burden scan for forms, guidance, and reporting

Identify the top 10 highest-friction reporting obligations and simplify guidance, forms, or evidence requirements.

Impact: High
Effort: Low
small

IBA-AR-2023-24_web.pdf)

Regulation & Policy

Adaptive regulation program with live feedback loops

Create an adaptive regulation model using sandboxes, industry data, risk scoring, and regular rule updates.

Impact: Very High
Effort: High
large

IBA-AR-2023-24_web.pdf)

Staff Productivity

Reusable briefing and summary assistant for internal documents

Create controlled templates for summarising reports, submissions, minutes, and ministerial briefs.

Impact: High
Effort: Low
small

IBA-Corporate-Plan-2022_23.pdf)

Staff Productivity

Department-wide knowledge and briefing platform

Build a secure knowledge platform that lets staff search, summarise, and cite approved departmental material.

Impact: Very High
Effort: High
large

IBA-Corporate-Plan-2022_23.pdf)

Data & Performance

KPI evidence register with named owners

Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.

Impact: High
Effort: Low
small

IBA-AR-2021-22_web.pdf)

Data & Performance

Outcome dashboard linking budget, delivery, and public impact

Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.

Impact: Very High
Effort: High
large

IBA-AR-2021-22_web.pdf)

Risk & Assurance

Recommendation tracker for audits, reviews, and inquiries

Publish a single internal tracker for audit/review recommendations, owners, due dates, and implementation evidence.

Impact: High
Effort: Low
small

IBA-Corporate-Plan-2024-25.pdf)

Risk & Assurance

Integrated assurance and lessons-learned system

Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.

Impact: Very High
Effort: High
large

IBA-Corporate-Plan-2024-25.pdf)

Citizen Services

Plain-language service pages and proactive status updates

Rewrite high-volume pages and letters into plain language, add status notifications, and measure contact reduction.

Impact: High
Effort: Low
small

IBA-Annual-Report-2024-25_web.pdf)

Citizen Services

Single front door for life-event based services

Bundle services around life events so citizens can complete related steps across agencies in one journey.

Impact: Very High
Effort: High
large

IBA-Annual-Report-2024-25_web.pdf)

Procurement & Delivery

Procurement lessons library for repeat purchases

Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.

Impact: High
Effort: Low
small

IBA-2022-23_AnnualReport_web.pdf)

Procurement & Delivery

Portfolio delivery office for major investments

Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.

Impact: Very High
Effort: High
large

IBA-2022-23_AnnualReport_web.pdf)

Regulation & Policy

Regulatory burden scan for forms, guidance, and reporting

Identify the top 10 highest-friction reporting obligations and simplify guidance, forms, or evidence requirements.

Impact: High
Effort: Low
small

IBA-AR-2023-24_web.pdf)

Regulation & Policy

Adaptive regulation program with live feedback loops

Create an adaptive regulation model using sandboxes, industry data, risk scoring, and regular rule updates.

Impact: Very High
Effort: High
large

IBA-AR-2023-24_web.pdf)

Staff Productivity

Reusable briefing and summary assistant for internal documents

Create controlled templates for summarising reports, submissions, minutes, and ministerial briefs.

Impact: High
Effort: Low
small

IBA-Corporate-Plan-2022_23.pdf)

Staff Productivity

Department-wide knowledge and briefing platform

Build a secure knowledge platform that lets staff search, summarise, and cite approved departmental material.

Impact: Very High
Effort: High
large

IBA-Corporate-Plan-2022_23.pdf)

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