Territory Stories

Debates Day 4 - Tuesday 13 May 2014

Details:

Title

Debates Day 4 - Tuesday 13 May 2014

Other title

Parliamentary Record 12

Collection

Debates for 12th Assembly 2012 - 2016; ParliamentNT; Parliamentary Record; 12th Assembly 2012 - 2016

Date

2014-05-13

Notes

Made available by the Legislative Assembly of the Northern Territory

Language

English

Subject

Debates

Publisher name

Hansard Office

Place of publication

Darwin

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Legislative Assembly of the Northern Territory

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

http://hdl.handle.net/10070/268339

Citation address

https://hdl.handle.net/10070/438502

Page content

DEBATES Tuesday 13 May 2014 4268 for land release, school and health facilities, housing and roads. The roads program is one of the biggest seen in the Territory, with a total of $377.8m, including: $83m for Tiger Brennan Drive $30m for strategic economic development roads $3m for the Larapinta Drive/Lovegrove Drive intersection $7.3m to improve Outback Way roads $81.2m for repairs and maintenance. This budget provides additional funding of $1.8m to develop northern Australia through the establishment of a new Northern Australia Development Office that will, in partnership with the Commonwealth and industry, harness and coordinate economic development strategies locally, nationally and internationally The NT government has also appointed a Northern Territory Commissioner to Indonesia and other ASEAN countries, who will provide incountry assistance and connections to help the Northern Territory conduct business and build closer ties within the region. The Territory is making huge progress in building the live cattle trade with Indonesia in the wake of Labors damaging export ban. The Chief Minister has been working hard in the markets of Indonesia, Vietnam and, more recently, TimorLeste, to expand our cattle, buffalo and other industries in this important region. The recent finalisation of the Korea-Australia Free Trade Agreement and the Japan-Australia Economic Partnership is good news for the Territory. These agreements will provide opportunities for Territory exports to expand into the Korean and Japanese markets, and will benefit through progressive reductions in tariffs, particularly on horticulture, beef and resource commodities. By way of example, Korea will progressively eliminate its 30% import duty on Australian mangoes, and, combined with opening up Stage 3 of the Ord, this will provide a massive opportunity for our growers and exporters. Funding of $400 000 continues to be provided to lead Ord Stage 3 development work to expand irrigation channels into the Territory to release 14 500 ha of new agricultural land. Direct action for local business: this budget recognises the importance of local businesses. It takes direct action through additional funding of $950 000 for a red tape abolition squad and procurement reforms, and $500 000 over two years to continue the business innovation support initiatives program to provide funding to small and medium businesses to pursue innovation and undertake research and development projects. This budget also provides $51.4m to continue the release of commercial land to assist businesses and economic activity, including: $5.1m for additional industrial lots at Darwin Business Park North $6m at Darwin Business Park to service further subdivisions $6.3m for five industrial lots by extending Muramats Road $3m for the next stage of industrial release at Udall Road, Tennant Creek $5.9m to continue works on the Wishart Road industrial precinct. Direct action on mining and resources: mining investment remains crucial to the economic development of the Territory. This budget is investing in the Territorys future through an additional $15.8m over four years to create opportunities for resource exploration. This includes acquiring new precompetitive geoscience information, providing delivery of geoscience and exploration data to industry, providing industry grants for high-risk exploration and promotion of the Territory as an international exploration investment destination. This geo-data will support the development of new mining opportunities and help expand current operations. This budget also promotes mining investment through an additional $8m over four years for an accelerated collaborative program to assess the Territorys shale gas potential and resources. More than $1m is provided to continuing improving mining approval time frames and water monitoring assessment of high-risk sites under the Mining Management Act. In February this year the government granted the first Territory onshore gas licence in over 30 years to Central Petroleums Surprise development in Central Australia. There is also an extensive exploration program currently under way in the area. These projects have the potential to


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