The framework outlined in the Act allows Indigenous groups to settle with the Government out of court, if they drop current native title claims and agree not to lodge future claims. The government says it could lead to better economic opportunities for Aboriginal groups in managing Crown land. The Victorian Attorney General Rob Hulls said "It will mean quicker resolution of claims, reduced transaction costs, reduced compensation liability for the state, finality and certainty for the state, for business and for industry in relation to native title matters."
The Co-chairman of Victorian Traditional Owner Justice Group Graham Atkinson says it will result in better economic development opportunities in Indigenous communities. "This is a groundbreaking reform for traditional owners in Victoria. It allows groups to work in an agreement-making context rather than litigation," he said.
For further information, see the Explanatory Memorandum.