Initial policy being developed.
That in developing its budget, the Government must have regard to the source of royalty revenue and must ensure that regions that are the source of taxation revenue benefit from any onshore shale gas extraction activity that has occurred in their region.
That the Government works with local government, stakeholders, Land Councils, and local communities in the design and implementation of all such programs.
To be completed by end December 2021.
Action item updates
The government can expect to receive increased royalty and tax revenue from an onshore gas industry. The government will investigate options for allocating royalty revenues that facilitate economic, business and social development in the regions and the Northern Territory more broadly.