Building our Territory

The Northern Territory Government is beginning a mature conversation about the future of both the Territory Insurance Office and the Darwin Port.

We want to deliver the best value for taxpayers’ money and ensure our infrastructure meets the future needs of a growing Northern Australia.

The Northern Territory Government is beginning a mature conversation about the future of both the Territory Insurance Office and the Darwin Port.

We want to deliver the best value for taxpayers’ money and ensure our infrastructure meets the future needs of a growing Northern Australia.

News Feed

  • New ownership for TIO

    over 1 year ago
    Tio_3d_logo_rgb

    The Territory Insurance Office (TIO) will have new ownership but will remain a stand-alone brand in a deal worth $424 million.

    Chief Minister Adam Giles said under the new arrangements, Allianz will take ownership of TIO insurance, while the banking services will transition to People's Choice Credit Union.

    “The Government had the option of selling the insurance, banking and Motor Accidents Compensation arms of the business with an estimated total value of $609 million. However the Government has decided that selling the MAC scheme is not in the interests of Territorians and it will remain in ... Continue reading

    The Territory Insurance Office (TIO) will have new ownership but will remain a stand-alone brand in a deal worth $424 million.

    Chief Minister Adam Giles said under the new arrangements, Allianz will take ownership of TIO insurance, while the banking services will transition to People's Choice Credit Union.

    “The Government had the option of selling the insurance, banking and Motor Accidents Compensation arms of the business with an estimated total value of $609 million. However the Government has decided that selling the MAC scheme is not in the interests of Territorians and it will remain in Government ownership,” Mr Giles said.

    The new arrangements for insurance will see the iconic TIO brand retained and flood, storm surge and cyclone cover continue to be offered.

    “The funds raised through this change of ownership now enable us to invest in the infrastructure we need to unlock the full potential of the Northern Territory, creating jobs and opportunity for our children. They also allow us to do important community flood mitigation work.”

    $215 million in proceeds will go into a long term Infrastructure Development Fund.

    The remainder will be available for more immediate community infrastructure projects including $50 million for flood mitigation work in Rapid Creek, Katherine and Darwin’s Rural Area.

    $25 million would be set aside for works in Rapid Creek and the Darwin Rural Area, while another $25 million would be allocated to Katherine.

    The $25 million for Katherine includes $7.6 million to move Katherine’s Ambulance Centre out of the flood zone.

    For more information, read the attached media release.

  • Sale of TIO - Factsheets

    over 1 year ago

    The Territory Government has released factsheets to provide Territorians with further information about the sale of TIO and to address some of the questions that have been raised about the insurance industry in the Northern Territory:

    •   General Sale Information
    •   Business Case For Sale
    •   Infrastructure Development Fund
    •   MAC Scheme
    •   Flood Resilience Strategies
    •   Community Sponsorship.

    The Territory Government has released factsheets to provide Territorians with further information about the sale of TIO and to address some of the questions that have been raised about the insurance industry in the Northern Territory:

    •   General Sale Information
    •   Business Case For Sale
    •   Infrastructure Development Fund
    •   MAC Scheme
    •   Flood Resilience Strategies
    •   Community Sponsorship.

  • Your ideas for Building Our Territory

    over 1 year ago

    The Northern Territory Government has asked the community for ideas on what infrastructure could be funded through the sale of the Territory Insurance Office and any potential lease of the Darwin Port.

    We want to deliver the best value for taxpayers’ money and ensure our infrastructure meets the future needs of a growing Northern Australia.

    The community has been contributing some great ideas through this website and the government thanks those who took the time to give us some great possible projects.

    We asked you for your ideas and here’s some of what... Continue reading

    The Northern Territory Government has asked the community for ideas on what infrastructure could be funded through the sale of the Territory Insurance Office and any potential lease of the Darwin Port.

    We want to deliver the best value for taxpayers’ money and ensure our infrastructure meets the future needs of a growing Northern Australia.

    The community has been contributing some great ideas through this website and the government thanks those who took the time to give us some great possible projects.

    We asked you for your ideas and here’s some of what you suggested:

    • Build a world-class medical training facility in the Territory
    • Upgrade the Tanami Track
    • Establish a light rail system in Darwin
    • Establish the Great Grey Nomad Road
    • Establish a car ferry to and from Mandorah
    • Build a bridge between Darwin and Mandorah
    • Upgrade the Darwin Showground
    • Complete sealing Litchfield Park Road and build a bridge across the Finniss River
    • Build a car park at Humpty Doo Primary
    • Build a theatre and basketball stadium at Darwin Middle School
    • Raise the crossing over the Roper and Wilton rivers
    • Develop an international-standard badminton facility in Marrara
    • Install water mains from Darwin River Dam to the Cox Peninsula region
    • Build a five-star resort with an 18-hole golf course at East Point
    • Establish an arts and cultural centre in South East Arnhem Land
    • Establish the Contemporary and Cultural Art Gallery of Darwin


    Through its sale, TIO will continue to serve all Territorians by providing us with the funds to unlock our potential, creating the jobs and industries of the future.

    Similarly, the government is also looking at ways to attract private investment in Darwin Port so that we can make it more efficient and improve economies of scale. This is another way we can drive down the cost of living for Territorians.

    The Port is not for sale but revenue from a long-term lease of Port assets could add to a pool of money available for re-investment in critical infrastructure.

    The Office of Major Infrastructure and Investment has been tasked with identifying economic and community infrastructure projects that might be pursued.

    Please keep the ideas coming.

    Is there a new road or a new bridge that you think could open up your region?

    Is there a new sporting or cultural venue needed in your community?

    Do we need better facilities to support families such as new health or education infrastructure?

    We’re keen to hear your ideas so click the 'Submit an idea' tab above and have your say.

    For more details on the projects that have been submitted to Building Our Territory, click here.

  • Building Our Territory

    almost 2 years ago

    The Northern Territory Government has begun a mature conversation about the sale of Territory Insurance Office and any potential lease of the Darwin Port.

    We want to deliver the best value for taxpayers’ money and ensure our infrastructure meets the future needs of a growing Northern Australia. 

    For several months, the Northern Territory Government has been investigating what opportunities might exist for the Territory under the Australian Government’s Asset Recycling Initiative.

    The initiative offers States and Territories a 15 per cent bonus to sell eligible assets and re-invest the proceeds in critical... Continue reading

    The Northern Territory Government has begun a mature conversation about the sale of Territory Insurance Office and any potential lease of the Darwin Port.

    We want to deliver the best value for taxpayers’ money and ensure our infrastructure meets the future needs of a growing Northern Australia. 

    For several months, the Northern Territory Government has been investigating what opportunities might exist for the Territory under the Australian Government’s Asset Recycling Initiative.

    The initiative offers States and Territories a 15 per cent bonus to sell eligible assets and re-invest the proceeds in critical new economy-growing infrastructure. This could present opportunities for the Northern Territory.

    TIO is the last insurance company in government ownership anywhere in the country.

    The organisation has served the Territory extremely well since its establishment in 1979. It was formed to provide services that didn’t exist then, but a lot has changed in those 35 years.

    Through growth and success we’ve built a community that attracts global businesses. There are now 12 insurers operating here - All offer cyclone cover and all but one provides flood cover.

    Currently, we stand at a crossroads in the Territory’s history where we can build Northern Australia by investing in better schools, hospital services, roads and bridges.

    Through its sale, TIO will serve all Territorians once again, by providing us with the funds to unlock our potential, creating the jobs and industries of the future.

    Similarly, the government is also looking at ways to attract private investment in Darwin Port so that we can make it more efficient and improve economies of scale. This is another way we can drive down the cost of living for Territorians.

    The Port is not for sale but revenue from a long-term lease of Port assets could add to a pool of money available for re-investment in critical infrastructure.

    We want to hear your ideas about what infrastructure we could build with the proceeds of the sale of TIO or any future lease of the Port.

    The Office of Major Infrastructure and Investment has been tasked with identifying economic and community infrastructure projects that might be pursued.

    The Chief Minister has nominated some possible projects to help start the conversation:

    • Flood mitigation works in Rapid Creek
    • Road works to remove the bottleneck at the end of Tiger Brennan Drive as it approaches Darwin city.
    • An Indigenous cultural centre in Alice Springs
    • A new sporting venue in Darwin
    • An Infrastructure Development Fund

    Is there a new road or a new bridge that you think could open up your region?

    Is there a new sporting or cultural venue needed in your community?

    Do we need better facilities to support families such as new health or education infrastructure?

    We’re keen to hear your ideas so click the Submit an idea tab above and have your say.

  • Building our children’s future

    over 1 year ago

    The Northern Territory Government has released a discussion paper outlining plans for a new Territory Infrastructure Development Fund to ensure a proportion of revenue from any asset sale is reinvested for the benefit of future generations.

    “We have said that we want a mature debate about the future of TIO and this proposed new Infrastructure Development Fund is part of that conversation,” Chief Minister Adam Giles said.

    “Through this proposed Infrastructure Development Fund, a proportion of the proceeds from any sale would be set aside for longer-term infrastructure projects that benefit our children and grandchildren.”

    The fund... Continue reading

    The Northern Territory Government has released a discussion paper outlining plans for a new Territory Infrastructure Development Fund to ensure a proportion of revenue from any asset sale is reinvested for the benefit of future generations.

    “We have said that we want a mature debate about the future of TIO and this proposed new Infrastructure Development Fund is part of that conversation,” Chief Minister Adam Giles said.

    “Through this proposed Infrastructure Development Fund, a proportion of the proceeds from any sale would be set aside for longer-term infrastructure projects that benefit our children and grandchildren.”

    The fund would be established under legislation and administered by a statutory board appointed by Cabinet.

    The money could only be used for investment in economic and social infrastructure in the Northern Territory. It would also be required to leverage private investment, where viable, and access contributions from available Commonwealth funding for infrastructure purposes.

    Media release

  • Commonwealth Asset Recycling Initiative

    almost 2 years ago

    In May 2014, all states and territories signed a national partnership agreement on asset recycling. The idea is to support economic growth as the Australian economy transitions from the mining boom.

    Under this initiative, private sector investors such as large superannuation and sovereign wealth funds will be encouraged to invest in quality government assets so that states and territories are able to realise the value in these assets and reinvest them elsewhere.

    The Australian Government will provide incentives for states and territories to use the money generated from the government assets for investment in new infrastructure.

    In addition... Continue reading

    In May 2014, all states and territories signed a national partnership agreement on asset recycling. The idea is to support economic growth as the Australian economy transitions from the mining boom.

    Under this initiative, private sector investors such as large superannuation and sovereign wealth funds will be encouraged to invest in quality government assets so that states and territories are able to realise the value in these assets and reinvest them elsewhere.

    The Australian Government will provide incentives for states and territories to use the money generated from the government assets for investment in new infrastructure.

    In addition to funds from investors, state and territory governments can receive an additional 15 per cent of the sale price from the Australian Government where the proceeds are allocated to new infrastructure investment.

    The Asset Recycling Initiative is a five-year program.  State and territory governments only have two years from the signing of the agreement – until May 2016 – to agree on the asset sales and infrastructure investment, so decisions need to be made quickly.

  • A more competitive Darwin Port

    almost 2 years ago

    Darwin’s Port infrastructure is critical to the development of Northern Australia.

    Having a deep water port on the doorstep of Asia is one of our greatest assets but the reality is that the Port needs to expand to keep up with growing demand.

    Government has been looking at ways of improving the existing Port and expanding the services it offers to service new markets and different trades.

    Darwin’s biggest challenge is its relatively small container trade and government is looking to ways to create economies of scale to reduce costs of goods for customers and ultimately Territorians... Continue reading

    Darwin’s Port infrastructure is critical to the development of Northern Australia.

    Having a deep water port on the doorstep of Asia is one of our greatest assets but the reality is that the Port needs to expand to keep up with growing demand.

    Government has been looking at ways of improving the existing Port and expanding the services it offers to service new markets and different trades.

    Darwin’s biggest challenge is its relatively small container trade and government is looking to ways to create economies of scale to reduce costs of goods for customers and ultimately Territorians by looking to new export markets. The key to increasing trade and lowering costs is to increase the Port’s efficiency and capacity through private investment.

    The kind of work required to do this is expensive and something taxpayers cannot afford, so the government is looking at private sector interest.

    To be clear, we are not looking at selling the Port but we are interested in possible leasing options for key pieces of infrastructure.

    Independent advisors, Flagstaff Partners, were appointed earlier this year to undertake a scoping study and help develop a strategy for attracting this vital investment.

    Some private investment has already occurred, including the Darwin Marine Supply Base and new harbour crane services.

    Earlier this year, the Government decided that instead of spending millions of taxpayer dollars on a new harbour crane, it would invite a private operators, QUBE and Patrick, to take on the work at East Arm Wharf.

    The capacity expansion and efficiency improvements have been stunning.

    QUBE’s decision to bring a new mobile harbour crane to Darwin at a cost of more than $5 million shows that the private sector wants the opportunity to invest in providing modern efficient services to Darwin.  Patrick Stevedoring also decided to invest in the Port by commissioning a mobile harbour crane.

    Together these two cranes have quadrupled loading and unloading capacity. QUBE also says it is now reaching rates of up to 32 containers per hour compared to the old rate of 10 per hour, which is a success story in every respect.

    The new $110million Marine Supply Base is a key example of private investment in our Port. It opened in August cementing Northern Australia’s place as an international hub for the oil and gas industry.

    The MSB is owned by the Northern Territory Government but operated under a 20 year lease by ASCO, which specialises in marine logistics and supply bases around the world.

    This is an exciting time for the Territory and ensuring that our Port facilities are the best they can be is critical to realising our full potential.

  • Regional Infrastructure Study

    almost 2 years ago

    The Department of Transport has commissioned a Regional Infrastructure Study that will report in November.

    Reports on regional workshops, which include the aspirations of regional economic development committees, can be found at:

    http://www.transport.nt.gov.au/publications/strategies-and-plans/regional-infrastructure-study


    The Department of Transport has commissioned a Regional Infrastructure Study that will report in November.

    Reports on regional workshops, which include the aspirations of regional economic development committees, can be found at:

    http://www.transport.nt.gov.au/publications/strategies-and-plans/regional-infrastructure-study