Territory Stories

Debates Day 1 - Tuesday 23 November 1999



Debates Day 1 - Tuesday 23 November 1999

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Parliamentary Record 20


Debates for 8th Assembly 1997 - 2001; ParliamentNT; Parliamentary Record; 8th Assembly 1997 - 2001




Made available by the Legislative Assembly of the Northern Territory





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Legislative Assembly of the Northern Territory

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Attribution International 4.0 (CC BY 4.0)

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Legislative Assembly of the Northern Territory



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DEBATES - Tuesday 23 November 1999 operations, Alice Springs will be a key location for track maintenance. As regards the impact on some aspects of the road transport industry, initially the industry is expected to be veiy busy during the construction phase. Nevertheless, there will be some impact on the industry beyond construction, and we will work with the relevant industry sectors to plan for whatever restructuring is required and to allow the affected industries to capitalise on alternative opportunities. I thank all honourable members for their contribution to the debate. This is a great day for Territorians to be able to speak about how the actual project will be delivered. It is now a reality for Territorians. I would ask the Leader of the Opposition to bear in mind that right up until almost this point, weve been talking about getting this project. To criticise the government at this early stage for somehow not having some perfect plan as to how all the skills training will be delivered is really a bit much. It really is a matter of talking to industry bodies. You might like to talk to TCA, the major industry body thats been working with the consortium, as to how the skills training and development plan will be produced, how it will be staged, and how jobs and training will be delivered to Territorians throughout the project. Motion agreed to. MINISTERIAL STATEMENT Foundations for Our Future: Diversify the Economy through Service Industry Growth Mr REED (Deputy Chief Minister): Mr Speaker, I rise today to present a statement on how the Territory can - and will - capitalise on global changes by growing its service industries further and creating a more diverse economic base. The plan to achieve this aim is outlined in Foundation Five: Diversify the Economy through Service Industry Growth, which I now table. As all honourable members are aware, this is one of the 6 documents created as part of Foundations for Our Future, the vision for the Territory into the 21st Century announced by the Chief Minister in June this year. Foundation 5 complements the foundation areas already presented to this House - Build on a Successful Resource-based Economy, Become the Supply, Service and Distribution Centre for the Region', Foster Partnerships in Aboriginal Development', and, Encourage Strong Regions and Communities. The Chief Minister will present Foundation One: Preserve and Build on the Lifestyle o f all Territorians later this week. The Territory already has a dynamic economy that is the envy of other parts of Australia. We have an economic growth rate of 5% pa, with an unemployment rate far below the national average, thriving resource industries, and a tourism industry that attracted over 1.2 million visitors and injected $763m into the Territorys economy last financial year. However, times are changing - not just in our own region, but across the globe - and we must develop plans to ensure we can use our natural advantages and strengths to capitalise on these changes. Planning now will position the Territory for greater social, economic and cultural development for the benefit of Territorians today and into the future. Globally, economies are shifting from a primary industry and manufacturing base toward a service and knowledge base. The manufacturing, minerals and agricultural sectors are steadily declining in terms of their percentage contribution to world economic activity. Twenty years ago, the service industries represented 31% of all world trade. By the year 2010, the service sector is predicted to be responsible for 55% of world trade. The largest growth sector within the service industry is information technology and telecommunications, or IT&T. The IT&T sector is worth $3.3 trillion world-wide, and it is predicted that, within two years, 50% of that activity will be e-business based - with billions of dollars worth of business transactions conducted on-line. There are already more than 150 million users of the Internet world wide. We have also seen the growth of the knowledge economy, in which knowledge has become a tradable, exportable asset. Knowledge - developed, interpreted and conveyed to others by knowledge workers - will be a major resource underpinning economic development in the 21st Century. Tourism, the quintessential service industry, has now become the worlds largest and most international industry and is Australias largest export earner and a vital contributor to the Territory economy. Although many destinations - including the Territory - have been affected by the Asian economic downturn, global trends indicate tourism consumers are increasingly seeking out new travel experiences such as adventure holidays and eco tourism. The Territory is already well-placed, both physically and in terms of its collective mindset, to capitalise on these world-wide trends. Our location gives us natural strategic advantages and makes Darwin the logical hub for service, supply and

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