The Indigenous Procurement Policy (IPP) has supported a high rate of growth for the First Nations business sector.
Since it began in 2015, more than $9 billion in Commonwealth contracts have been awarded to First Nations businesses.
This is a big impact, but there may be ways to improve opportunities for First Nations businesses.
Creating opportunities through reform
Between December 2023 and February 2024, the NIAA held consultations on how to strengthen the IPP. We listened and learned from Indigenous and non-Indigenous business, Indigenous Chambers of Commerce, business hubs, academics and various levels of Government.
Government will provide a further update on the next steps for IPP reform after considering the submissions received in the public consultation process.
This reform process is part of the government’s commitment under the Buy Australian Plan to support First Nations businesses to access Commonwealth procurement opportunities.
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