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NLC and NAB working side by side on Blue Mud Bay

Posted: Wed, August 17, 2011

The NLC has signed an MoU with NAB with a view to maximising commercial benefits to traditional owners of inter-tidal sea country in the NT

Northern Land Council Chief Executive Officer Mr Kim Hill said today’s signing of a memorandum of understanding (MOU) between the NLC and National Australia Bank represented a major step towards building sustainable economic development in the Northern Territory’s coastal Aboriginal communities.

The MOU for the commercialisation of the Blue Mud Bay High Court decision (2008) was signed by
Mr Hill, National Australia Bank’s Director of Finance Mark Joiner and other senior NAB executives,
at Darwin’s Frances Bay Marina this morning.

Mr Hill said the MOU would see NAB provide financial expertise to assist the NLC in developing
long-term business enterprises to capitalise on the anticipated settlement of the Blue Mud Bay High
Court decision.

"The Northern Land Council is committed to assisting Aboriginal peoples who reside near the intertidal
zone to capitalise on any settlement, and develop the rights recognised by the High Court,” he
said.

“Having NAB on board will assist the NLC to create the maximum benefits for Aboriginal traditional
owners.”

Mr Hill said the Blue Mud Bay High Court decision represented a unique opportunity for coastal
Aboriginal peoples.

“The signing of the MOU with NAB is another step towards building viable Aboriginal economic
interests and to properly respect the rights of Aboriginal peoples,” he said.

“NAB launched its Reconciliation Action Plan earlier this year and this MOU confirms the
organisation’s commitment to using its corporate knowledge to improve the lives of Aboriginal
peoples.”

“I am thrilled that NAB and the NLC are building a strong working relationship to better achieve
commercial and economic benefits.”

For a PDF version of the media release, click below:

http://www.nlc.org.au/files/various/NLC_NAB_MoU.pdf