Future Made in Australia: Community Benefit Principles Submission

First Nations Economics has formally lodged its submission to the Australian Government’s Future Made in Australia Community Benefit Principles consultation.

Drawing on extensive advisory experience with Traditional Owners and First Nations organisations across major infrastructure and clean energy investments, the submission provides practice-informed insight into how community benefit can be meaningfully realised in high-impact projects.

The submission highlights a central risk in current approaches: that community benefit can too easily be reduced to engagement activity or discretionary contributions, rather than participation that enables First Nations communities to influence how economic value is created, governed, and shared over time. International and Australian evidence demonstrates that when engagement occurs after key commercial and governance decisions are already fixed, outcomes are typically short-term and transactional.

First Nations Economics argues that minimum requirements, while necessary, are insufficient if treated as end-point metrics rather than pathways to participation. For higher-impact projects, the submission calls for clearer expectations around early engagement, decision-making influence, and structural participation, including governance roles and long-term economic positioning.

The submission also draws on international experience to demonstrate that more durable outcomes are achieved where participation is embedded early and supported by access to independent expertise, addressing the capacity and power asymmetries that often constrain Traditional Owner engagement.

This contribution is intended to support effective implementation of the Community Benefit Principles by strengthening clarity, accountability, and alignment between policy intent and real-world outcomes for Traditional Owners and First Nations communities.

Read the full Submission here

Gurminder Saro

Interim Chair

Associate Professor Rick Macourt is a proud, queer Gumbaynggirr man, lawyer, and economic specialist. He leads First Nations Economics as Managing Director of Strategy and Foundation and serves as Associate Dean of First Nations Strategy and Services at the University of Sydney.

With over 15 years of experience spanning government, corporate, and not-for-profit sectors, Rick is deeply committed to advancing the economic development of First Peoples. As the former Director of First Nations Expenditure and Outcomes at NSW Treasury, he spearheaded the state’s inaugural Indigenous expenditure reporting processes and established the groundbreaking First Nations budget process in 2021/22. Previously, Rick held an executive role at the Westpac Group, overseeing First Nations affairs, and has a rich history in government, monitoring, evaluation, and negotiation, with senior positions at the Department of Foreign Affairs and Trade, City of Sydney, and Standards Australia.

Rick is a published author with Oxford University Press, a member of the First Nations Advisory Board of Siemens Australia, and a Non-Executive Director on the board of Barnardos Australia.