Note 20: Native Title
The Northern Land Council (NLC) is a Native Title Representative Body (NTRB) under the Native Title Act 1993. Since being recognised as an NTRB, the NLC has performed the functions of the NTRB in association with other NLC functions.
In the 2017-18 financial year, Native Title income and expenditure was audited and reported separately. As from the 2018-19 financial year, as per the new agreement, between the Department of the Prime Minister and Cabinet and NLC, a set of comprehensive financial statements is not required to acquit NLC’s NTRB program funding, and the note disclosure in the NLC’s financial statements was considered appropriate.
This note relates to NLC only.