2009-10 Portfolio Budget Statements
Under the 2009-10 Portfolio Budget Statements (external website, new window) IBA is required to deliver on one outcome:
Outcome 1: Stimulating the economic advancement of Aboriginal and Torres Strait Islander peoples
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 brings together Indigenous Australians and industry capability partners into sustainable commercial joint ventures which provide wealth creation opportunities and other economic and social benefits through asset accumulation, profit distribution and employment opportunities. | 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 home ownership so that they are closer to that of the wider Australian community. | 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 long-term viability of the business as distinct from simply getting into business. This objective is achieved through providing business loans to clients who cannot access private sector finance, together with business support to assist clients to access finance and to manage their businesses successfully. | The outcome target for this program is to increase the number of Indigenous Australians who succeed in business. | IBA Enterprises has an integrated suite of products: business loans, business support and Economic Development Initiatives (EDIs). The business loans help clients to access finance for viable business proposals, where they are unable to meet bank lending criteria. The business support assists clients to plan their proposed business and assess its viability, to access business management training and to access mentoring in the critical first year or so of being in business. EDIs support projects that facilitate the development of business related skills, knowledge, information and assistance, research economic opportunities and overcome barriers to Indigenous people owning and operating successful businesses. |
| 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 in respect of 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 and consultation with groups, individuals and Commonwealth and State agencies to ensure appropriate awareness of the program and that supporting arrangements are in place, particularly relating to land tenure. |