This year’s Annual Report outlines the first-year results and progress in implementing our five-year strategy out to 2028 and our 2023-24 Corporate Plan.
It outlines how we are changing our ways of working to align with the Priority Reform Areas under the National Agreement on Closing the Gap to support self-determination through inclusive, equitable and fair access to capital. 
During the year we:
IBA Chairperson, and Dagoman man, Eddie Fry, said:
“Our purpose sets out the requirement to advance the commercial and economic interests of Aboriginal and Torres Strait Islanders people and communities by accumulating and using a substantial capital and asset base for the benefit of Aboriginal and Torres Strait Islander peoples.
“IBA’s consolidated total assets now exceeds $2.3 billion—a remarkable increase from $1.7 billion just five years ago.
“The IBA Board is proud of IBA’s achievements, and those of our customers, and we look forward to driving greater outcomes in the future.”
The report includes photos and stories from inspiring, resilient and determined IBA customers and showcases some of the innovative new initiatives delivered by IBA during the year including:
It also expands our sustainability reporting and explains how our products and services continue to have a positive impact in the lives of Aboriginal and Torres Strait Islander people.
View the full IBA Annual Report 2023-24.
Has your home or business been impacted by the recent floods to parts of the Derwent Valley, Tasmania?
If you have an IBA home loan or business finance product and have been impacted by this weather event, we want to reassure you and your family that IBA is here in times of need.
Customers impacted by the recent natural disaster can apply for an emergency natural disaster relief grant – $5,000 for IBA business finance customers and/or $2,000 for IBA home loan customers.
Impacted customers will receive a direct link to apply. Applications accepted until midnight 15 October 2024, or until funds are exhausted (whichever comes first).
Additional information and resource links are below:
We’re halfway through the month, but August still has plenty in store! We've got a few of events lined up before the end of August—so if you're around, come by, say hello, and let's connect!
Developing Northern Australia Conference
Our Chair, Eddie Fry, will present, “Activating First Nations Led Opportunities in Northern Australia”. Our Executive Director, People & External Relations, Sean Armistead, will also join a panel discussion, “Partnering to Deliver Innovative Finance Solutions for Northern Australia”.
IBA Board Director Joshua Gilbert will present at this event which highlights the future of Environmental, Social and Governance (ESG) data and disclosure
As a proud sponsor of CONNECT 2024, we're excited to announce that Stella De Cos, Director, Community & Customer Experience will represent IBA, presenting at the Knowledge Forum. Additionally, we'll have a booth at the First Nations Tradeshow as part of Government Link.
IBA is a proud sponsor of the event and will be in attendance. Don’t miss Chris Moore, IBA's Senior Business Development Officer, as he presents during Session Four: “Navigating North Strategically” on Friday 30 August.
Dorrie Day Carnival of Careers – Bundaberg
As a sponsor, IBA are excited to be attending this community event. If you’re around, stop in and have a yarn with our team.
The next Strong Women Strong Business Lunch and learn will help you and your business get more savvy about security. 
The session will be facilitated by experienced Muruwari woman and Founding Director of Indigenous Technology, Cheryl Bailey.
Join us on zoom for an hour for an interactive lunch & learn session which empowers participants with essential knowledge and tools to counter cyber security attacks effectively. It’s ideal for anyone seeking to bolster their cybersecurity awareness and safeguard their digital identity.
Date: Thursday 11 July
Time: 12.00pm - 1.00pm AEST
Reserve your spot via Eventbrite here.
We're all gearing up for NAIDOC which looks like it will be bigger than ever this year.
It's our favourite time of the year to celebrate blak excellence. So we'll be getting out and about in the local community and soaking up the spirit of NAIDOC.
Here's a list of events across the country that we'll be at. If you're at any of these, please find us and say hello!
Adelaide /Kaurna Country
Alice Springs / Arrernte Country
Brisbane /Turrbal and Yuggera Country
Acacia Ridge NAIDOC Family Fun Day
The Murri School
Friday 5 July
10.00am-2.00pm
Aboriginal & Islander Independent Community School, 1277 Beaudesert Road, Acacia Ridge
Canberra / Ngunnawal and Ngambri Country
Darwin / Larrakia Country
Melbourne / Wurundjeri Country
Sydney / Gadigal Country
Tamworth / Kamilaroi Country
Townsville / Bindal and Wulgurukaba Country
Wagga Wagga / Wiradjuri Country
If you’re one of our home lending or business finance customers, keep an eye on your inbox. You may receive an email from us this week inviting you to take a survey to be part of our impact research. 
IBA’s next impact study is led by Yindyamarra Consultancy and Lonergan Research. The results will be used to identify how we can improve our products and services to continue to meet the needs of Aboriginal and Torres Strait Islander people.
The survey invites customers to share your thoughts on the impacts of our activities, and aspects of financial wellbeing. The goal of the impact research is to understand how our products and services support wellbeing at an individual, family, and community level, and to improve our relationships with the communities we serve. It will take approximately ten minutes to complete and closes 7 July 2024.
It builds on studies undertaken in 2020 and 2022 - you can read the latest impact report here.
We really appreciate your participation!
Has your home or business been impacted by the recent floods to parts of the East Coast of New South Wales?
If you have an IBA home loan or business finance product and have been impacted by this weather event, we want to reassure you and your family that IBA is here in times of need.
Customers impacted by the recent natural disaster can apply for an emergency natural disaster relief grant – $5,000 for IBA business finance customers and/or $2,000 for IBA home loan customers.
Applications accepted until midnight 15 June 2024, or until funds are exhausted (whichever comes first).
Apply via the forms below
IBA business finance customers Disaster Relief form
IBA home loan customers Disaster Relief form
Additional information and resource links are below:
Indigenous Business Australia (IBA) is delighted to announce that more than $1 billion in contracts have now been supported through the IBA Performance Bond Trust. This milestone achievement for Aboriginal and Torres Strait Islander success has continued to grow since the bonds were introduced in 2018.
Since inception, IBA now supports over 500 performance bonds valued at almost $60 million with contracts valued at over $1 billion. A substantial increase since 2020 when after two years IBA had supported over 170 bonds worth $12 million, and contracts valued at nearly $202 million.
Performance bonds are issued to the beneficiary of a contract as security against the other party being unable to meet obligations specified in the contract. Banks often require a 100 per cent cash deposit as security for the bond, which ties up considerable amounts of working capital.
IBA assists Aboriginal and Torres Strait Islander businesses by issuing bonds directly to the buyer, in cases where the business may not have the required level of security to provide a bond facility for their contracts.
The bond partnership that took the contract’s value to over $1 billion was through Mine Power Solutions, an Indigenous-owned and managed diversified construction, mining and electrical contractor which has been successful in winning contracts at Olympic Dam.
Cameron Buzzacott, Managing Director of Mine Power Solutions, is a long-standing IBA customer being the initial performance bond customer through one of his other ventures, Zancott Knight. He says:
“In mid-2018, Zancott Knight strategically decided to collaborate with IBA, transitioning away from our traditional banking institutions for bond requirements.
“Being IBA’s first client, this bond was pivotal for both companies. For Zancott Knight, it was a turning point as it not only streamlined the process of bond origination but also freed up working capital to grow our business.”
IBA CEO Kirsty Moore says, “IBA’s Performance Bond Trust has assisted First Nations contractors across the country to participate in a wide variety of contracts including mining, civil works, construction, facility upgrades and renewable energy construction by guaranteeing their capacity to complete projects while requiring minimal security.
“We’re extremely proud of this milestone figure – it ultimately contributes to Aboriginal and Torres Strait Islander business growth which is positive for everyone.”
Cameron agrees. He adds, “This growth has strengthened our market presence and allowed us to seize new opportunities and execute more projects, enabling Zancott Knight to navigate the competitive landscape with confidence and agility.
“We are honoured to have partnered on two major milestones, from the first bond in 2018 with Zancott Knight to the bond with MPS that tipped the $1 billion threshold in 2024.”
The Performance Bond Trust is administered by IBA who provide bonds directly to an Indigenous-owned business or alternatively provide capital to enable the business to secure a bond from a mainstream bank. When kicked off in 2018, IBA co-invested $10 million in the facility along with National Indigenous Australians Agency (NIAA) matching a further $10 million.
Find out more about IBA Performance Bonds.
Media contact: Tara Toohill 02 9207 6362 or tara.toohill@iba.gov.au
We are making exciting changes to our online services, including the EOI for a home loan. The current EOI system will be unavailable from Thursday 28 March for approximately four weeks.
If you've already started an EOI, you can still complete and submit until 12 April.
If you'd like us to let you know once the Expression of Interest is back again, please fill out your details here.
Has your home or business been impacted by the recent bushfires to parts of the Central Highlands in Tasmania?
If you have an IBA home loan or business finance product and have been impacted by this weather event, we want to reassure you and your family that IBA is here in times of need.
Customers impacted by the recent natural disaster can apply for an emergency natural disaster relief grant – $5,000 for IBA business finance customers and/or $2,000 for IBA home loan customers.
All eligible customers should have received a direct link via SMS or email with information about how to apply. Applications accepted until midnight 15 May 2024, or until funds are exhausted (whichever comes first).
Additional information and resource links are below:
