WA Investment Prospectus (RDA)

Context Aboriginal Australians are increasingly a focus of HR recruitment and workplace culture strategies, procurement strategies, public and student education programs and entrepreneurship. As this occurs, a diverse investment opportunity continues to develop. Internationally differentiated cultural, tourism and place-based services and amenities continue to grow as Native Title is settled and Indigenous Land Use Agreements increase the capital resources of Aboriginal communities. The financial and broader benefits are manifold and extend across the board. The range of majority Aboriginal, and wholly owned, enterprises continue to grow, including: • Cultural tourism offerings that integrate cultural song lines with scientific, geographic and recreational experiences are a key focus. • Bush tucker (food) and medicinal enterprises are proliferating, along with cultural protocols to ensure Aboriginal communities can ensure culturally appropriate practices continue and capture a share of growth benefits. • Aboriginal ranger and traditional burning advisory services are recognised as sources of knowledge and generating economic returns, particularly in remote areas. • Joint ventures with Aboriginal Corporations and privately held Aboriginal enterprises offer heavy industry, civil contracting services and operate aquaculture businesses. Securing a social licence to operate is critical for almost any new enterprise in Western Australia’s hinterland and coastal areas. Co-ownership structures involving equity and decision-making rights are increasingly sought by local communities. Rationale This prospectus will align with the National Roadmap for Indigenous Skills, Jobs and Wealth Creation. As the Australian economy grows momentum, fully activating and supporting Indigenous Australians to gain the skills and confidence needed to enter into jobs, upskill to more technical, managerial and leadership positions and to establish and thrive in their careers, will be a key part of Australian businesses response to skill and workforce shortages. 9

Oombulgurri, WA, Australia - Sep 2, 2014: Two Australian indigenous community leaders explain landscape features to adventure travellers on the Carson River Track.

www.niaa.gov.au/indigenous-affairs/economic-development/national-roadmap-indigenous-skills-jobs-wealth-creation

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