Territorians sent a clear message that business as usual is not good enough when we are languishing on the bottom of most economic charts across the nation.

Chief Minister Lia Finocchiaro said: “Already, you have seen the new CLP Government move swiftly to rebuild our economy with our HomeGrown Territory grants, and payroll tax breaks for small business.”

“Next, we are gearing up to kick start economic growth and the Territory Coordinator will play a key role in that,” she said.

“Today, Labor tried to play political games and throw mud at our election commitment for a Territory Coordinator but we have been elected to deliver change for the better.

“Does this mean they don’t support our plans to rebuild the economy? Are they OK being the hardest place to do business and bottom of the charts?

“My Department is currently doing targeted consultation with a range of groups, including the land councils, local government, Environment Protection Authority, Controller of Water Resources and the Heritage Council, yet somehow Labor wants to kill economic growth before it even happens.

“Feedback from stakeholders will help shape the final legislation before its introduction to the Legislative Assembly in future sittings and at that time all members and the community will be able to have their say.”

The Territory Coordinator will:

• Fast-track major investments, making it easier for investors to bring big ideas to life.

• Streamline approvals across government, removing roadblocks to economic progress.

• Boost the Territory’s competitiveness, attracting large-scale investments to fuel growth and development.

“The Territory Coordinator is key to unlocking the potential of the Northern Territory,” said Mrs Finocchiaro.

“This structure will not only fix log jams in processes but also ensure we are competitive on the global stage when attracting investment. 

“It’s about creating jobs, driving growth, and making the Territory a place where projects of significance can get off the ground.

“My team is not about games, we are laser focused on reducing crime, rebuilding the economy and restoring our lifestyle.”

Source: NT Government newsroom