Initial policy development underway.

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.

Target completion date

Stage 3.
To be completed by end December 2021.

Reform area
Maximising regional benefits and local opportunities
Project action
Ensuring Territorians benefit from royalties
Lead agency
Department of Treasury and Finance

Action item update

Implementation progress

The government can expect to receive increased royalty and tax revenue from an onshore gas industry and is investigating options for allocating royalty revenues that facilitate economic, business and social development in the regions and the Northern Territory more broadly.