The General Manager of Indigenous Business Australia, Mr Ron Morony, has paid tribute to the contribution made by former Chairman, Mr Joseph Elu, who recently resigned as the head of Australia’s prime body for promoting and implementing Indigenous economic development.
After 12 years at the helm Mr Elu has returned home to Seisia as the newly elected Mayor of Northern Peninsular Area Regional Council, an amalgamation of the former councils of
Bamaga, Seisia, Umagico, New Mapoon and Injinoo on the Cape York Peninsula.
In 1996 Mr Elu commenced his role as the Chairman of IBA (or the Aboriginal and Torres Strait Islander Commercial Development Corporation, as it was then known). At that stage IBA had 13 staff located in Canberra, a portfolio of 19 investments, provided employment opportunities for 140 Indigenous people, and held net assets of $57.38 million.