Victorian treaty talks to begin in 2023

A statewide treaty will be negotiated and traditional owners groups will also have the opportunity to pursue individual treaties for their own Country.

The state government has allocated $65 million over three years to partly fund a Self Determination Fund, which will be available to assist traditional owners with their preparation.

Assembly Co-Chair Marcus Stewart said the agreement will help ensure First Nations people have the power to make decisions impacting them.

"This agreement puts the power back into Aboriginal hands so that we can decide how we want to do things and how to get Treaty done," Mr Stewart said in a statement.

Talks will get underway after an election to select representatives to the Assembly who will negotiate the statewide treaty.