Cookies help us to understand how you use our website so that we can provide you with the best experience when you are on our site. To find out more, read our privacy policy and cookie policy.
Manage Cookies
A cookie is information stored on your computer by a website you visit. Cookies often store your settings for a website, such as your preferred language or location. This allows the site to present you with information customized to fit your needs. As per the GDPR law, companies need to get your explicit approval to collect your data. Some of these cookies are ‘strictly necessary’ to provide the basic functions of the website and can not be turned off, while others if present, have the option of being turned off. Learn more about our Privacy and Cookie policies. These can be managed also from our cookie policy page.
Strictly necessary cookies(always on):
Necessary for enabling core functionality. The website cannot function properly without these cookies. This cannot be turned off. e.g. Sign in, Language
Analytics cookies:
Analytical cookies help us to analyse user behaviour, mainly to see if the users are able to find and act on things that they are looking for. They allow us to recognise and count the number of visitors and to see how visitors move around our website when they are using it. Tools used: Google Analytics
Social media cookies:
We use social media cookies from Facebook, Twitter and Google to run Widgets, Embed Videos, Posts, Comments and to fetch profile information.
Share on FacebookShare on TwitterShare on LinkedinEmail this link
Consultation has concluded
The Northern Territory Government has developed a new Territory Benefit Policy to capture local benefits for Territorians from private sector projects in the NT.
Major private sector projects are big contributors to the Territory. The Territory Benefit Policy encourages project proponents, early in their planning phase, to understand the capabilities of the local industry and workforce. This draft policy challenges proponents to consider what strategies they can adopt to enhance the local benefit outcomes their project delivers, while realising the long-term advantages of having locally-based, capable suppliers and labour.
The need for this new policy was identified during the Territory Economic Summits and has been included for action in the Economic Development Framework. This proposed policy will replace the current Building Northern Territory Industry Participation Policy.
The positive changes that Territorians will see from the proposed policy:
The new policy provides clear guidance for project proponents to develop a Territory Benefit Plan that maximises opportunities for Territorians and Territory Enterprises.
The Building Northern Territory Industry Participation Policy focused on local suppliers of goods and services, and the new Territory Benefit Policy broadens this focus to workforce development, employment, Aboriginal employment, and local investment.
The requirement for a communications strategy to be part of the Territory Benefit Plan. Project proponents will be required to publicly share their key commitments, report on outcomes achieved from the Territory Benefit Plan and engage with stakeholders and industry groups to promote project opportunities.
The proposed policy encourages proponents to adopt a ‘shared value’ approach, which sees companies working collaboratively with local communities to deliver positive social outcomes, creating value for both the project and community.
The new policy reduces duplication with other NT Government policy by limiting its focus to private sector projects. Government procurement is not included in the new policy as it is covered by the NT Buy Local Plan.
The Northern Territory Government has developed a new Territory Benefit Policy to capture local benefits for Territorians from private sector projects in the NT.
Major private sector projects are big contributors to the Territory. The Territory Benefit Policy encourages project proponents, early in their planning phase, to understand the capabilities of the local industry and workforce. This draft policy challenges proponents to consider what strategies they can adopt to enhance the local benefit outcomes their project delivers, while realising the long-term advantages of having locally-based, capable suppliers and labour.
The need for this new policy was identified during the Territory Economic Summits and has been included for action in the Economic Development Framework. This proposed policy will replace the current Building Northern Territory Industry Participation Policy.
The positive changes that Territorians will see from the proposed policy:
The new policy provides clear guidance for project proponents to develop a Territory Benefit Plan that maximises opportunities for Territorians and Territory Enterprises.
The Building Northern Territory Industry Participation Policy focused on local suppliers of goods and services, and the new Territory Benefit Policy broadens this focus to workforce development, employment, Aboriginal employment, and local investment.
The requirement for a communications strategy to be part of the Territory Benefit Plan. Project proponents will be required to publicly share their key commitments, report on outcomes achieved from the Territory Benefit Plan and engage with stakeholders and industry groups to promote project opportunities.
The proposed policy encourages proponents to adopt a ‘shared value’ approach, which sees companies working collaboratively with local communities to deliver positive social outcomes, creating value for both the project and community.
The new policy reduces duplication with other NT Government policy by limiting its focus to private sector projects. Government procurement is not included in the new policy as it is covered by the NT Buy Local Plan.