Territory Stories

The Northern Territory news Wed 28 Apr 2021



The Northern Territory news Wed 28 Apr 2021

Other title

NT news


The Northern Territory news; NewspaperNT






Community newspapers -- Northern Territory -- Darwin.; Australian newspapers -- Northern Territory -- Darwin.

Publisher name

News Corp Australia

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Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia



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WEDNESDAY APRIL 28 2021 BUSINESS 21 V1 - NTNE01Z01MA Firm focus on agriculture PRIVATE sector investment in agriculture and aquaculture is being targeted by the Territory government with a plan to fast track sustainable development precincts. Next weeks Territory budget will contain a $500,000 allocation for a Sustainable Agribusiness Precincts team tasked with developing pastoral and Aboriginal land in partnership with land owners and stakeholders. The team of five will work closely with the newly-appointed Investment Commissioner to advance new opportunities in the sector. They will also work in partnership with existing agricultural investors to further develop pastoral leases and Aboriginal land. This will improve international and domestic supply chain access from the Territory. Three of the new positions will be recruited through a publicly advertised and competitive recruitment process while the remaining two posi tions will be filled by existing roles in the government. Chief Minister and Treasurer Michael Gunner said he wants the team to home in on new opportunities, and help cement private investment in the agricultural space. They will work closely with the Territorys Investment Commissioner, who is constantly hunting the Territorys next big project. There are currently three large scale land development opportunities under consideration by government following an Expression of Interest Process: the Keep Plains, Wildman and Larrimah Agricultural Developments. Mr Gunner said he release of these large-scale projects will create more jobs and training opportunities to grow the Territorys agriculture sector. It will also see the Territory capitalise on the increasing demand for quality Australian produce, he said. Mining and Industry Minister Nicole Manison said developing sustainable agricultural precincts will offer significant investment opportunities and ongoing economic benefits to the Territory, she said. Creating diverse industries will be pivotal for cementing long-term jobs for Territorians. This new team is critical to realising the full potential of our agricultural sector and capitalising on new investment opportunities. The Territorys yearly agri culture production exceeds $1bn, and the sector directly employs more than 2400 people across the Territory many in regional and remote areas. GARY SHIPWAY The Territory government is looking to create more jobs and training opportunities in the agriculture sector. ~ 08 7915 4800 Ii = ii statewide.com.au tS!i info@statewide.com.au Statewide Superannuation Ply Ltd ABN 62 008 099 223 (AFSL 243171) Trustee and RSE Licensee of Statewide Superannuation TrustABN 54145196 298 ("Statewide Super"). In deciding whether to acquire, or continue to hold, a Statewide Super product, please consider the applicable Product Disclosure Statement (PDS) available at statewide.com.au or by calling 13006518 65. Issued November 2020. The information provided contains general advice which does not take into account your specific objectives, financial situation or needs. Before investing, you should consider the appropriateness of this general advice with regard to your personal circumstances. You may also wish to obtain independent financial advice.