Thamarrurr Development

The governing body of the Thamarrurr Development Corporation is a made up twelve board Directors representing the three (3) ceremony groups and twenty (20) clan groups of Thamarrurr Region. Thamarrurr Development Corporation was established with Funds provided by the Office of Indigenous Policy co-ordination. Other sources of funding include Aboriginal Benefit Account, and Commonwealth and Northern Territory Government funding streams. With the assistance of suitably qualified professionals Thamarrurr Development Corporation operates its own businesses as well as working to incubate business opportunities for the people of the Thamarrurr region through a business support function. Thamarrurr Development Corporation is a Company limited by guarantee under the Incorporations Act 2001. A Company Limited by Guarantee does not have any share capital and the liability of its members is limited to the amounts the members undertake to contribute in the event of it being wound up. This structure is typically used by Companies whose capital needs are met from outside sources, in the case of Thamarrurr Development Corporation, funding from government agencies. This structure also means that the Company does not distribute surplus funds (profits) to its shareholders. Surplus generated by Thamarrurr Development Corporation flow into Thamarrurr Foundation which distributes these profits for a wide range of community benefits and activities.