X
  • About
  • Advertise
  • Contact
Get the latest news! Subscribe to the ifa bulletin
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
No Results
View All Results
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
No Results
View All Results
No Results
View All Results
Home News

FSC releases native title standard for trustees

Members of the FSC who act as trustees of native title trusts will be bound by a new standard that aims to build strong partnerships between trustees and indigenous communities.

by Reporter
May 29, 2015
in News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

The standard, known as the Cultural Capability in Native Title Services Standard, was released yesterday as part of National Reconciliation week.

A group of indigenous leaders and organisations, including the First Nations Foundation (FNF), Indigenous Business Australia, the National Congress of Australia’s First Peoples, the Australian Indigenous Governance Institute, and Nyamba Buru Yawuru from Broome, WA, worked in partnership with the FSC’s trustee members to develop the standard.

X

According to the FSC, its development drew on the diverse background and skill sets of working group members including in native title, governance, cultural capability and professional trusteeship.

“The FSC’s members often act as professional trustees of native title trusts and help to manage the funds in those trusts in the best interests of Indigenous communities,” Sally Loane, FSC CEO said.

“The Standard also helps with capacity and knowledge gaps on both sides. It requires trustees to undergo their own processes, including ensuring staff who work with communities undertake cultural competency training; partnering with communities to gain an understanding of their cultural values, histories and aspirations; and working towards establishing a formal strategy to develop cultural capability, for instance, through a Reconciliation Action Plan,” Ms Loane said.

FNF chairperson Ian Hamm added that, “as a result of native title we are seeing the emergence of the next stage of the journey for Indigenous people”.

“The Standard allows for greater transparency and accountability when dealing with native title recipients. This is a major step forward for industry in building confidence and self-determination for Indigenous people.”

Related Posts

Treasurer releases $3m super tax draft legislation for consultation

by Keeli Cambourne
December 19, 2025
0

On Friday morning, Treasurer Jim Chalmers unveiled the detail of the updated Better Targeted Superannuation Concessions legislation, which will see...

ASIC homing in on super funds, listed companies amid greenwashing concerns

Regulator bans former United Global Capital head of advice

by Keith Ford
December 19, 2025
0

The Australian Securities and Investments Commission (ASIC) has announced that it has banned Louis Van Coppenhagen from providing financial services,...

‘Ease the significant stress’: Minister welcomes Netwealth compensation agreement

by Keith Ford
December 19, 2025
0

In a statement on Thursday, Mulino said the government welcomed the agreement between the Australian Securities and Investments Commission (ASIC)...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Seasonal changes seem more volatile

We move through economic cycles much like we do the seasons. Like preparing for changes in temperature by carrying an...

by VanEck
December 10, 2025
Promoted Content

Mortgage-backed securities offering the home advantage

Domestic credit spreads have tightened markedly since US Liberation Day on 2 April, buoyed by US trade deal announcements between...

by VanEck
December 3, 2025
Promoted Content

Private Credit in Transition: Governance, Growth, and the Road Ahead

Private credit is reshaping commercial real estate finance. Success now depends on collaboration, discipline, and strong governance across the market.

by Zagga
October 29, 2025
Promoted Content

Boring can be brilliant: why steady investing builds lasting wealth

Excitement sells stories, not stability. For long-term wealth, consistency and compounding matter most — proving that sometimes boring is the...

by Zagga
September 30, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Poll

This poll has closed

Do you have clients that would be impacted by the proposed Division 296 $3 million super tax?
Vote
www.ifa.com.au is a digital platform that offers daily online news, analysis, reports, and business strategy content that is specifically designed to address the issues and industry developments that are most relevant to the evolving financial planning industry in Australia. The platform is dedicated to serving advisers and is created with their needs and interests as the primary focus.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About IFA

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Risk
  • Opinion
  • Podcast
  • Promoted Content
  • Video
  • Profiles
  • Events

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Opinion
  • Podcast
  • Risk
  • Events
  • Video
  • Promoted Content
  • Webcasts
  • About
  • Advertise
  • Contact Us

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited