Lockhart River Arts Centre was originally incorporated as Lockhart River Aboriginal Community Arts and Cultural Centre Inc. (LRACACC) in 1997. It was a not-for-profit Association under the Associations Incorporations Act 1984. In 2009 the centre reincorporated as Lockhart River Arts Indigenous Corporation (LRAIC) under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act), administered by the Office of the Registrar of Indigenous Corporations (ORIC).
The Corporation is registered for GST and has full charity tax concession status; the ABN is 53 479 232 837. The Corporation does not have Deductible Gift Recipient status.