Indigenous Land and Sea Corporation

The Indigenous Land and Sea Corporation (ILSC) is an Australian Commonwealth statutory authority with national responsibilities to assist Aboriginal and Torres Strait Islander people to acquire land and to manage assets to achieve cultural, social, environmental and economic benefits for indigenous peoples and future generations. It was previously known as the Indigenous Land Corporation (ILC).
The ILSC has a seven-member board, appointed by the Minister for Indigenous Affairs. The Chairperson and at least four other members of the Board must be indigenous. The ILSC Board makes all policy and land acquisition decisions. The ILC was formed following the Mabo decision which first recognised native title in Australia and the prior ownership of land by indigenous people, rejecting the doctrine of "terra nullius".
Funding and legislation.
The ILSC was established pursuant to the that allocated an indexed sum of 121 million from the Australian Government to the ILC over a period of ten years to 30 June 2004. Since June 2004, the ILSC has been self-sufficient. In the preceding ten years, one third of allocations could be allotted towards funding ongoing activities. The ILSC is now regulated by the .
Operating activities.
The ILSC has acquired a number of assets, some of which are run as stand-alone subsidiary businesses including Voyages Indigenous Tourism Australia ('Voyages'), National Indigenous Pastoral Enterprises, and National Centre of Indigenous Excellence. Following its 2010 acquisition by the ILC, Voyages established the National Indigenous Training Academy at the Ayres Rock Resort to provide young Indigenous people with accredited training in hospitality and the resort significantly increased its level of Indigenous staff from 1 per cent of the workforce at time of acquisition to approximately 32 per cent of the workforce in 2015.