Aboriginals Benefit Account Financial statements for the year ended 30 June 2011
The Aboriginals Benefit Account (ABA) was established under Part VI of the Aboriginal Land Rights (Northern Territory) Act 1976 (the ALRA) and is a special account for the purposes of the Financial Management and Accountability Act 1997 (FMA Act). The ABA is established for the receipt of statutory royalty equivalent monies generated from mining on Aboriginal land in the Northern Territory, and the distribution of these monies.
The ABA is administered by the Department in accordance with the requirements of the ALRA and the FMA Act.
Thirty per cent of royalty equivalent receipts are distributed to incorporated Aboriginal associations, communities or groups in order to benefit those Aboriginal people who are affected by mining operations. ABA funds are also used to meet the operational costs of the four Land Councils in the Northern Territory, to make payments for the acquisition and administration of township leases as well as payments for the benefit of Aboriginal people living in the Northern Territory made at the Minister’s discretion.