The ILSC assists Aboriginal and Torres Strait Islander people to acquire and manage land, water, and water-related rights for cultural, social, environmental, and economic benefits. The ILSC offers grants and co-investment for land acquisition, land management, agribusiness, and Indigenous Protected Areas.

Priority areas include sustainable economic development on Country, cultural site protection, and growing Indigenous agribusiness capability.

Aboriginal and Torres Strait Islander corporations, Prescribed Bodies Corporate, Land Councils, and other Indigenous-controlled entities with demonstrated connection to the land/sea country in question.

Land management plan, business case, governance documentation, and evidence of Traditional Owner consent and community support.