The aims and objectives of the foundation are:
To cultivate in all Australians a strong commitment to Australia as one people drawn from many cultures and by so doing to advance its social and economic well-being;
the promotion of an awareness among the people of Australia of the diversity of cultures within Australia and the contribution of people from all cultures to the development of Australia; and
the spread of respect and understanding between all cultural groups through any appropriate means.
The foundation will achieve its aims:
by adopting issues of national significance; and
by initiating projects and programs in consultation and in partnership in any worthwhile field or activity.