The Indigenous Land and Sea Corporation has invested more than $27.9 million in partnership with First Nations organisations over the last 12 months.

The Indigenous Land and Sea Corporation (ILSC) recently released its "Returning and managing Country 2022/23" publication that highlights the organisation's achievements and contributions to communities.

ILSC assists First Nations people to achieve economic, social, cultural and environmental benefits through the ownership and management of land and water.

Some of the success stories over the last financial year for ILSC include: providing a place of healing with the return of land to the Sister Kate's Home Kids Aboriginal Corporation in south-east Perth; as well as creating First Nations employment and building economic self-determination through the new Normanton Foodworks in northwest Queensland.

ILSC Group chief executive Officer, Joe Morrison, said the Returning and managing Country publication highlighted the diverse activities the ILSC supports.

He said ILSC continued its work towards redressing Australia's historic dispossession of First Nations people, through the return of Indigenous land and sea Country.

"At the ILSC, we invest in Indigenous peoples to support their self-determination and future as the rightful owners of land, water and sea Country," said Mr Morrison.

"The stories outlined in the Returning and managing Country document, showcase our peoples' aspirations coming to life while raising the profile of Indigenous culture within the community.

Mr Morrison said one of the positive impacts made by ILSC during the last 12 months was the $5.4m investment to buy three properties located on Gunditjmara Country in south-west Victoria, which is part of the Budj Bim Cultural Landscape.

The Gunditj Mirring Traditional Owners Aboriginal Corporation, which oversee the land, will help preserve the cultural and environmental significance of the landscape.

"The Gunditj Mirring Traditional Owners Aboriginal Corporation has access to 9,935 hectares of the World Heritage-listed Country, enabling them to preserve the cultural and environmental significance of the landscape and support connection to Country for Gunditjmara people," Mr Morrison said.

The Returning and managing Country publication can be accessed by this link.