Inquiry sought into Uluru resort purchase

The Indigenous Land Corporation bought the Ayers Rock Resort in 2010 for around $320 million.

But the Corporation's chairwoman Dawn Casey wants an investigation into the purchase.

She says it's been plagued by "deeply serious questions" over huge losses to the value of the resort and the corporate governance that led to the sale.

Dennis Foley is a professor of Indigenous entrepreneurship at the University of Newcastle.

He told Darren Mara a parliamentary inquiry would be an unprecedented development, though it's not uncommon for Aboriginal people to pay inflated prices for traditional lands.

(Click on the audio tab above to hear the full interview)