Warren Mundine joins government body to advise on social impact investments
The NSW government has announced Warren Mundine will join an advisory group to to strengthen Aboriginal and Torres Strait Islander communities
Indigenous leader Warren Mundine has joined a NSW government advisory body aimed at establishing social impact investments for Aboriginal communities.
The NSW government is committing to social impact investments by allocating a $10 million fund in the Budget for Aboriginal economic development opportunities. This is part of initiatives aimed at improving the wellbeing of Aboriginal communities.
“Warren Mundine is a great leader in the indigenous community,” NSW Treasurer, Dominic Perrottet, said when announcing Mundine’s involvement in the NSW Social Impact Investment Advisory Group.
“He’ll provide advice on how the government can get the best results possible from social impact investment.”
Included in the Budget is the nation’s first Aboriginal Languages Trust which will be established with a $2.8 million investment. A new Aboriginal Social Housing Strategy will be also be allocated $33.1 million over four years.
Perrottet said the states ongoing commitment to social impact investment – with the Office of Social Impact Investment – served as grounds for allocating the funds.
“NSW is leading the nation in social impact investment,” Perrottet said. “In the past five years we have commissioned more than $200 million in outcomes based contracts which aim to improve the lives of 16,000 vulnerable people across our State.
“Tangible results in this area have moved us to commit $10 million to this new social impact investment which will focus on Aboriginal employment and wealth creation.”
Minister for Family and Community Services, Pru Goward, welcomed the announcement of the increased funding for Aboriginal housing, and said the program will create pathways to strenghten the Aboriginal Community Housing sector.
“The more Aboriginal people that can access the services they need when they need them, the more they will be empowered to move along the path to housing independence,” Goward said.
“This new strategy will focus on partnerships with the local communities and evidence based demand to ensure better social outcomes for the Aboriginal people across NSW.”
The NSW government will be paving the way for other states to employ the Aboriginal Languages Trust. Minister for Aboriginal Affairs, Sarah Mitchell, added that this is a critical step in acknowledging the value and importance of Aboriginal language.
“Last year, NSW was the first state in Australia to pass legislation with the sole purpose of ensuring the long-term revival of Aboriginal languages,” Mitchell said.
“The NSW government will work diligently alongside Aboriginal communities to ensure the Trust is as effective as possible.”