Building community wealth in the Northern Territory

Since 2018, QIC has continued to build upon our reconciliation initiatives for the benefit of Aboriginal and Torres Strait Islander Peoples, communities and organisations. Drawing on our experience and heritage as an investment manager, we focus our reconciliation efforts on greater economic participation and improved socio-economic outcomes for First Nations Peoples.

This is brought to life through our Indigenous Strategy, which frames our reconciliation initiatives around five pillars: Community Engagement and Awareness, Investment, Procurement, Employment, and Governance and Reporting.

Leveraging what we do best

In financial year 2023, QIC was appointed investment manager for two Aboriginal corporations in the Northern Territory.

Today, the communities represented by our clients are reliant on the income provided through royalty payments from a mine on their Country. Our clients recognised the need to invest for the long-term economic security and independence of their communities as this current income stream will not last in perpetuity. At QIC, investing is what we do best. Therefore, it is a natural fit to leverage our investment capability in our work with Aboriginal and Torres Strait Islander communities. 

Our primary objective is always to drive strong, long-term risk-adjusted returns for our clients, yet we recognise that every client has different expectations and presents new opportunities.

Our engagement with these clients is also explicitly centred on:

• supporting the economic independence of Indigenous peoples through our investments 
• embedding two-way learning in which we increase the investment knowledge of the organisations’ Boards while increasing our own knowledge of their Lore and Culture

We have already begun integrating their language and cultural stories into the way we report and engage with the respective Boards. This allows us to build a relationship based on trust, respect, and transparency.

We look forward to working together to co-create positive financial outcomes for these communities and provide security for generations to come.