The Victorian Government must deliver redress through both Statewide and Traditional Owner group treaties for injustices committed during, and as a result of, the colonial invasion and occupation of First Peoples' lands, the Yoorrook Justice Commission says.

In its final report tabled in the Victorian Parliament on Tuesday, Australia's first official truth-telling body said redress must also address "consequent damage and loss, including economic and non-economic loss for genocide, crimes against humanity and denial of freedoms" — as referenced in the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP).

"Redress should take the form of: Restitution of traditional lands, waters and natural resources ownership rights to First Peoples; monetary compensation; tax relief; and such other financial or other benefits as may be requested by the First Peoples' Assembly of Victoria or the local treaty bodies in treaty negotiations," the report said.

The Commission also urged the government to formally acknowledge the "responsibility of its predecessors for laws, policies and practices that contributed to systemic injustices against Victorian First Peoples" and issue an official apology.

Titled 'Yoorrook for Transformation', the Commission's third and final interim report contains 100 recommendations across five volumes. It is accompanied by 'Yoorrook Truth Be Told', a public record of Victoria's history since colonisation and a documentation of key moments from the Commission's four-year inquiry.

The findings are informed by 67 days of public hearings, testimony from over 200 witnesses, and input from more than 2,000 people — including 1,500 First Peoples.

Throughout the inquiry, 16 formal apologies were made by ministers and department heads. The Commission also heard that billions of dollars have been generated by the government from land and water, with little benefit to First Peoples.

In addition, Yoorrook received over 1,300 written submissions, engaged more than 9,000 individuals, reviewed nearly 10,000 government documents, and took part in over 400 community events.

When the final report was presented to the Governor of Victoria, Margaret Gardner AC, and First Peoples' Assembly Co-Chairs Ngarra Murray and Rueben Berg last week, Yoorrook Chair Professor Eleanor Bourke AM said: "The Commission makes 100 recommendations for change based on the lived experience of First Peoples and other Victorians.

"These recommendations provide a roadmap to create a better future, not just for our people but for every Victorian. Ultimately they must be implemented in full."

Covering all areas of life for First Peoples in Victoria, the report calls for a fundamental overhaul of systems that have caused harm since colonisation — including justice, health, and education.

It recommends the government "transfer decision-making power, authority, control and resources to First Peoples, giving full effect to self-determination in relation to their identity, information, data, traditional ecological knowledge, connection to Country, their rights to their lands, waters and resources, in the Victorian health, education and housing systems and across economic and political life."

It also calls for the principles of UNDRIP to be legislated. Australia is a signatory to the Declaration, but has not implemented it through domestic legislation.

"The Victorian Government must support the establishment of an accountability mechanism to transfer monitoring functions and full decision-making power, authority, control and resources to First Peoples for First Peoples-related policies and programs," the report added.

Additional redress measures include compensation or land grants for First Peoples and families affected by Soldier Settlement Schemes.

In education, the Commission recommends transferring "control, resources and decision-making power over curriculum, pedagogy, governance, and resource allocation for First Peoples' education to First Peoples."

In family violence prevention, the report calls for a new Victorian First Peoples peak body with legislative authority and urges sustainable, long-term funding for Aboriginal Community Controlled Organisations (ACCOs).

It remains unclear how many of the 100 recommendations the government will adopt.

Professor Bourke has previously criticised the government's lack of action, noting fewer than 20 per cent of recommendations from Yoorrook's earlier interim report have been implemented.

Premier Jacinta Allan last year told the Commission she was prepared to apologise to First Peoples for the harms caused by government policies — a commitment Professor Bourke recently noted is yet to be fulfilled.

In a statement on Tuesday, she thanked the Commission and pledged to consider the final recommendations.

"Thank you to the Commission for these historic reports – they shine a light on hard truths and lay the foundations for a better future for all Victorians," the Premier said.

"Victoria's truth-telling process is a historic opportunity to hear the stories of our past that have been buried – these are stories that all Victorians need to hear."