14.9

Progress

25%

Commenced.

Initial policy development underway.

That the Government considers whether a royalty payment scheme should be implemented to compensate Pastoral Lessees prior to any further production approvals being granted.

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

Policy options and related issues are being developed for consideration by government in early 2021.