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OVERALL IBA PERFORMANCE RESULTS
Several activities outside the work of IBA’s divisions, also contribute to its purpose.
Outcomes related to the employment of Indigenous Australians and the procurement of goods and services from Indigenous suppliers contribute to economic self- sufficiency and are assessed using the following performance measures:
10. percentage of total value of goods or services purchased from Indigenous suppliers
11. percentage of IBA’s suppliers that are Indigenous
12. percentage of jobs supported by IBA’s associates, subsidiaries and program customers held by Indigenous Australians.
These performance measures are sourced from IBA’s Corporate Plan 2019–20 and the Portfolio Budget Statements of the Prime Minister and Cabinet Portfolio (p182).
Percentage of total value of goods or services purchased from Indigenous suppliers
6.5% against a target of 5% (target achieved).
Directing more spending to Indigenous suppliers means directly increasing their income and supporting them to succeed and grow. This year:
- from $25 million IBA spent on goods and services, $4.7 million (18.9%) went to Indigenous suppliers
- from $107.4 million IBA’s subsidiaries and associates spent, $3.9 million (3.6%) was sourced from Indigenous suppliers.
Percentage of IBA’s suppliers that are Indigenous
8.5% against a target of 15% (target not achieved).
Procuring from a greater proportion of Indigenous suppliers increases the number of Indigenous businesses supported to succeed and grow. This year:
- 19.5% of IBA suppliers were Indigenous (141 of 724)
- 3.5% of subsidiaries and associate suppliers were Indigenous (52 of 1,470)
This was not enough to meet the combined target. It should be noted that some suppliers were used by both IBA and IBA’s subsidiaries, and the final combined result has been adjusted for duplicates..
Percentage of jobs supported by IBA’s associates, subsidiaries and program customers held by Indigenous Australians
46.5% against a target of 40% (target achieved).
The more jobs IBA can support through its associates, subsidiaries and Business Solutions division customers, the greater the income flowing to Indigenous Australians in the form of wages and salaries.
- For IBA Business Solutions loan customers, 54.3% of employees were Indigenous (917 of 1,689)
- For IBA subsidiaries and associates, 27.1% of employees were Indigenous (185 of 683)
Employment data for IBA Business Solutions loan customers relates to all customers in the business loan portfolio and uses employment data at the time the loan was approved. Employment results for subsidiaries and associates are as reported to IBA.