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FIGURE 01: HOW IBA INVESTS FUNDS TO GROW OPPORTUNITY FOR ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLE

Image showing that In the last four financial years, IBA received a total of $138.6m in capital funding from the Australian Government to invest into the Indigenous Estate . In last four years IBA invested $1.2 billon into the Indigenous Estate.

Over the past four financial years, IBA received a total of $138.6m in capital funding from the Australian Government to invest into the Indigenous Estate by way of home loans, business loans and support and investment opportunities and support but deployed $1.2 billion in capital. IBA also received appropriations of $40.0m to support the operational costs of the Indigenous Home Ownership Program and $69.2m in funding to support the operational costs of the Business Development and Assistance Program. These amounts are used to support operational expenses and business support activity and cannot be used as capital.