Chief Minister Lia Finocchiaro has today made history by introducing the Territory Coordinator legislation into Parliament.
Mrs Finocchiaro said the reform was “the most important piece of economic reform the Territory has seen in a decade.”
“Our Territory Coordinator laws will herald a new way of developing the Territory,” she said.
“It will give us a competitive edge against other states, who have not undertaken the level of reform we have.”
The Territory Coordinator will signal to the world that we are a mature jurisdiction with the capability and capacity to play a major role in the advancement of:
Energy security through our abundance of natural gas;Mineral security through our land rich in mineral resources and rare earths;Food security through our vast agricultural opportunities and;Defence Security through our strategic importance in the Indo-pacific.
“With the appointment of Stuart Knowles as Interim Territory Coordinator in November last year, the work of the Territory Coordinator has already begun,” said Mrs Finocchiaro.
The consultation report for the draft Bill has also been released following four months of public consultation.
By the end of the consultation period, 321 participants had attended six Community Information Forums across the Territory, 559 written submissions had been received, and 89 meetings were held with 267 individuals representing various sectors.
“The consultation on our draft Territory Coordinator legislation highlights the need for a balanced approach which aligns economic growth with social and environmental outcomes and that is what we have delivered,” said Mrs Finocchiaro.
The draft Bill has been referred to the Legislative Scrutiny Committee for consideration.
Click here here to read the consultation report.
