Aboriginal Investment Funds in Australia

Abstract

The sovereign funds discussed elsewhere in this volume are operated by governments on behalf of ‘peoples’, defined as populations contingent with the states concerned. This chapter discusses a somewhat different situation, in which long-term investment funds are operated directly by distinct ‘peoples’ within a nation-state, in this case Aboriginal peoples in Australia. The rights of indigenous peoples within states have won increasing recognition in domestic law and in international forums, an important recent example of the latter being the United Nations Declaration on the Rights of Indigenous Peoples, adopted by the United Nations General Assembly in September 2007. Growing recognition of the rights of indigenous peoples is reflected in turn in their increased capacity, after centuries of economic marginalisation, to win a share of the wealth extracted from their ancestral lands. The investment funds discussed here are a product of this development. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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