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Indigenous Business Australia (IBA), Aboriginal Investment NT, and the Larrakia Development Corporation (LDC) have signed a landmark partnership to pursue investment opportunities on Larrakia Country.
IBA is taking a new approach to advance Aboriginal economic self-determination - by aligning with the two organisations to secure long-term economic outcomes for Aboriginal Territorians by actively seeking out investments in key infrastructure.
The partnership was finalised on 14 October 2025 during the week of the 12th Aboriginal Economic Development Forum in Darwin, signed into effect by IBA Chairman Mr Darren Godwell, LDC Chairman Mr Mark Motlop, and Aboriginal Investment NT Chair Ms Barbara Shaw.
Aboriginal Investment NT is the leading body responsible for the economic development of Aboriginal people across the Northern Territory.
Quotes
IBA Chair, Darren Godwell said: “This partnership is a new approach for IBA in our Legislative purpose and advancing the economic interests of Traditional Owners – on their own lands.”
“The Partners have begun seeking out investment opportunities, to secure economic outcomes for the Larrakia peoples.”
LDC Chair Mr Mark Motlop welcomed the partnership, stating: “For many decades Larrakia Elders and leaders fought to secure their interests and rights through the Kenbi Land Claim. This is the next step in securing Larrakia economic rights and economic futures.”
Aboriginal Investment NT Chair, Barbara Shaw, said: “This partnership demonstrates the strength of collaboration between Aboriginal organisations with shared values and ambitions. We’re excited to combine our experience, networks, and capital to create investment pathways that deliver real and lasting economic empowerment for Aboriginal Territorians.”
Media contact: Katie Hoskins 02 9207 6362 or katie.hoskins@iba.gov.au
