The State of WA today made the second of 12 annual payments into the Noongar Boodja Trust.
The $63 million paid today includes $50 million plus indexation into the Future Fund and $10 million plus indexation into the Operations Fund.
The Future Fund is protected so that its value will grow over time for the benefit of future Noongar generations.
The Operations Fund will finance the operations of the six Noongar regional corporations and the CSC, once they are established.
As we enter the second year of the Settlement, we should be proud of the progress we’ve made towards establishing the structures needed to build a strong and unified Noongar Nation, and eventually taking full responsibility for managing the Trust.
The regional corporations will hold their first general meetings in the coming months, which will be another significant step towards this goal.