Territory Stories

Annual Report 2003/2004 Department of Business Industry and Resource Development



Annual Report 2003/2004 Department of Business Industry and Resource Development

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Tabled paper 1496


Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT






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FUTURE DIRECTIONS DBIRD is keeping pace with the issues affecting the NT business and industry environment. However, DBIRD must also anticipate and meet future challenges. The departments strategic directions are being redeveloped with an emphasis on identifying areas of the NT economy which will provide the best economic, social and environmental opportunities for Territorians. DBIRD will continue to lead sustainable economic development for the NT. Key areas under consideration include: Developing the capacity and capability of Territory business and industry DBIRD has a role in assisting business and industry to increase capacity and performance through a broad range of initiatives such as industry support programs and access to training. In the future, the department will develop strategies to facilitate growth in emerging sectors of our economy. Initiatives include: Developing a Professional and Business Services Strategy, which will address the needs of this growing sector of the NT economy Implementing the Business and Skilled Migration Strategy to provide more options for addressing the skill shortages the NT is experiencing. Identifying opportunities and improving the competitiveness of business and industry through science, knowledge and innovation DBIRD plays an important part in developing and enhancing the productivity of existing industries. The departments research assists primary producers to improve their products, learn about new products with potential for development and provides potential investors with information to support investment decisions. DBIRD is working on: Developing a holistic research and development strategy, which focuses on sustainability, improved productivity, and new possibilities for NT business and industry. Leading commercial adaptation of the successful research and development outcomes. Stimulating indigenous and regional economic development DBIRD is working with other NT Government agencies to implement cohesive, outcome- focussed development and employment strategies, to respond to the needs of our Indigenous and regional communities. DBIRD will: Work with regional communities to implement aspects of their regional development plans. Increase Indigenous employment opportunities through targeted enterprise development programs. Providing an effective and competitive policy and regulatory framework DBIRD has a vital role to play in the developing of sustainable industries. The department supports strategic industry development and is focussed on ensuring the right regulatory frameworks and processes are in place. This ensures industry develops responsibly and that we maintain the quality of life that Territorians enjoy. DBIRD is: Leading policy development across the NT Government to ensure business and industry issues are taken into account when new legislation and policy is being developed. Department of Business, Industry & Resource Development 13 An nu al R ep or t

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