Sunday 8 May 2011

Cattle station changes hands

One of Australia's best-known pastoral companies has sold part of a Northern Territory cattle station to an Indigenous group.

S. Kidman & Co subdivided Banka Banka Station, 100 kilometres north of Tennant Creek, and has sold a 1,400 square kilometre pastoral lease to the Indigenous Land Corporation.

The ILC has said that the land contains several significant Aboriginal cultural and burial sites.

The property will continue to operate a small scale pastoral operation as well as keep up its involvement in tourism, in order to provide employment opportunities and training opportunities for Indigenous people.

Prepared by Bob Woodward & Associates: offering you business consultancy, accounting, payroll administration and ancillary services in Darwin, The Northern Territory, Australia
http://www.woodwards.co/

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