2011-12 Portfolio Budget Statements
Under the 2011-12 Portfolio Budget Statements (external website, new window) IBA is required to deliver on one outcome:
Outcome 1: Improved wealth acquisition to support the economic independence of Aboriginal and Torres Strait Islander peoples through commercial enterprise, asset acquisition, construction and access to concessional home and business loans.
The table below lists the commercially focused Indigenous economic development programs that IBA utilises to achieve this outcome, enhance Indigenous economic self management and self-sufficiency.
| Program | Objectives | Key Performance Indicators | Deliverables |
| 1.1 Equity and Investments Program | IBA Investments’ objective is to assist and develop Indigenous Australians to achieve economic independence through direct investment and participation in commercial and joint venture business enterprises. | Return on investment; Indigenous co-investors in investments; Profit distribution to Indigenous partners; and, Indigenous jobs created or supported by the investment portfolio. | A profitable and sustainable investment portfolio that enables our Indigenous partners to participate in the mainstream economy. |
| 1.2 Home Ownership Program | Program 1.2 aims to provide an affordable entry into home ownership for Indigenous people, particularly those on lower incomes. The Home Ownership Program is focused on first home buyers who have difficulty obtaining home loan finance from mainstream commercial lenders. The program’s success is assessed in terms of increasing the percentage of Indigenous people who can be home owners. | The key performance indicators measure the success of the program in targeting new lending to those applicants who would not normally be able to obtain a home loan from other financial lenders. | The key program deliverable is the provision of new home loans and the management of the home loan portfolio. |
| 1.3 Business Development and Assistance Program | IBA works with Indigenous Australians to help them succeed in business. The focus is on the sustainable viability of the business, as distinct from simply getting into business.The objective is achieved primarily through providing affordable business loans and other support to clients to assist them to successfully enter into business. Support is also provided to existing businesses to grow or improve aspects of their management or performance, thus improving their prospects for long-term success. | IBA Enterprises has an integrated suite of products: business loans, business support and economic development initiatives (EDIs). Business loans provide clients with affordable finance. Business support assists clients to plan their proposed business and assess its viability, and to access business management training and mentoring in the critical first year of being in business. EDIs support projects that overcome barriers to Indigenous people owning and operating successful businesses; facilitate the development of business-related skills, knowledge, information and assistance; and research economic opportunities. | The target for this program is to increase the number of Indigenous Australians who succeed in business. |
| 1.4 Home Ownership on Indigenous Land (HOIL) Program | Provide incentives and affordable loans aimed at making home ownership a realistic choice for Indigenous people living on community titled land. | The key performance indicators are the number of communities actively engaging in the implementation of home ownership and subsequent home lending. | The key program deliverables are the provision of home loans to Indigenous individuals and families on community titled land together with education about and promotion of home ownership and facilitation of the legal and administrative arrangements which enable parcels of land to be offered for sale to individual community members. |