IBA wins praise for Indigenous funding model

IBA wins praise for Indigenous funding model

Posted 05 September 2005

The Minister for Employment and Workplace Relations, Mr Kevin Andrews, has  officially opened the $32 million Scarborough House re-development in the ACT.

The ceremony, which took place in the Woden town complex on 5 September, was attended by representatives of traditional owners who have invested with IBA in the re-development.
Among them were Mr Walter Amagula, deputy chairman of the Groote Eylandt and Bickerton Island Enterprises Aboriginal Corporation; Mr Tom Birch representing the Wunan Foundation in the Kimblerley, and IBA Board member Ms Leah Armstrong representing the Yarnteen Aboriginal and Torres Strait Islander Corporation. The fourth Indigenous investor in the project is the Gundjeihmi Aboriginal Corporation.

Minister Andrews praised IBA’s vision in providing Indigenous owners with an investment model which he said augers well for the future.

(Read the media release in full (PDF 135KB, new window)