Report warns Aboriginal land council its property bank is running out
'"There appears to be an assumption that the 'land bank' is never ending and the on-going sale of land is an acceptable method of administration of [Metro]," Mr Jackson said. "There is clear evidence ... that [Metro] is being run by the sale of land ... the land bank will be gone if this process continues. "The land is owned by all members of [Metro] and the decision to sell, as against other options, should not be made by the executive or a minority of members who attend the meetings."'

'More than $524 million of taxpayers' money over 15 years was paid into this investment fund until 1998 to aid Aboriginal economic self-sufficiency and to compensate for land lost.'

I believe that taxpayer's funding of the Land Council was in the form of 7% each year of the State land tax.

Report warns Aboriginal land council its property bank is running out
'"There appears to be an assumption that the 'land bank' is never ending and the on-going sale of land is an acceptable method of administration of [Metro]," Mr Jackson said. "There is clear evidence ... that [Metro] is being run by the sale of land ... the land bank will be gone if this process continues. "The land is owned by all members of [Metro] and the decision to sell, as against other options, should not be made by the executive or a minority of members who attend the meetings."'

'More than $524 million of taxpayers' money over 15 years was paid into this investment fund until 1998 to aid Aboriginal economic self-sufficiency and to compensate for land lost.'

I believe that taxpayer's funding of the Land Council was in the form of 7% each year of the State land tax.