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Home Features Thought Leadership Eddie Fry: unlocking the economic potential of the Indigenous Estate
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DEPARTMENTSIndigenous Land Corporation
TAGS Indigenous Business Australia, Indigenous Land Corporation, Indigenous Estate, Eddie Fry
SPEECH: The narrative of “wicked problems” used by some in government departments belies the transformative opportunities of the Indigenous Estate. A sharper business focus on existing tangible and cultural assets can help build intergenerational wealth.
It was in early 2015 that I was watching TV on a Sunday and purely by chance caught an Indigenous person talking about “The Indigenous Estate”. I hadn’t heard of this — “The Indigenous Estate”. What was this? I had not long before been appointed chair of Indigenous Business Australia. Was there another commercial vehicle no one cared to mention?
What followed was a mission to discover and determine what is often referred to as the “Indigenous Estate”. Here is what I found.
The Indigenous Estate comprises the assets held, or reasonably likely to be held, by or for the benefit of Aboriginal and/or Torres Strait Islander people, whether by:
The assets comprising the Indigenous Estate are both tangible — lands and waters, and the resources located on or within them, fixed property — and the intangible — cultural and intellectual property rights, as they exist in forms of expression (arts, dance, music, language); traditional cultural, environmental and bioscience practices, and other forms of traditional knowledge.
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Edward (Eddie) Fry is a Dagoman-Wardaman man from the Katherine region in the Northern Territory. Eddie chairs both the Commonwealth-owned Indigenous Land Corporation and the not-for-profit Indigenous Business Australia, and has extensive experience in the mining and resource industry.
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