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Budget 2012-2013 Budget Paper No.3 The Budget



Budget 2012-2013 Budget Paper No.3 The Budget

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Tabled paper 1785


Tabled Papers for 11th Assembly 2008 - 2012; Tabled Papers; ParliamentNT




Tabled By Delia Lawrie


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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241 Land Development Corporation Business Line 2011-12 Estimate 2012-13 Budget $000 $000 Income 19 847 54 898 Residential Development 4 162 32 439 Industrial Development 15 685 22 459 Expenses 15 577 45 005 Residential Development 4 154 30 575 Industrial Development 11 423 14 430 SURPLUS(+)/DEFICIT(-) BEFORE INCOME TAX 4 270 9 893 Residential Development 8 1 864 Industrial Development 4 262 8 029 2012-13 Staffing: 11 Business Division Profile The Land Development Corporation underpins economic development in the greater Darwin region through the provision of strategic industrial land and projects at East Arm, the Darwin Business Park and Middle Arm. The corporation has an expanding role in the delivery of a range of innovative residential and mixed-use developments with an emphasis on affordability. The corporation undertakes this role through a variety of joint ventures and other partnership arrangements. Strategic Issues for 201213 Society Providing affordable and appropriate housing solutions through the development and delivery of a range of residential projects including suburban sub-divisions, medium density and mixed-use developments and integrated projects. Economic Sustainability Investing in long-term growth through the ongoing development of the East Arm Logistics Precinct incorporating the Darwin Business Park and the common user area, and the Defence Support Hub. Supporting investment and infrastructure by investigating different land delivery models and facilitating new initiatives at the East Arm Logistics Precinct, Middle Arm Industrial Precinct and other locations to meet industry needs. Growing local industry through partnership opportunities and strategic alliances within Government, the private sector and other stakeholders. Ongoing refinement of the corporations business model to reflect its operation as a government business division.