none

INVESTING IN AUSTRALIA’S NORTH HAS NEVER BEEN EASIER

26-01-2016
by 
in 

Investing in Australia’s north has been made easier with the opening of a facility to service major projects across the Northern Territory.

The Major Projects Approval Agency, located in Darwin, will provide a single point of entry for major project proponents seeking information and assistance with regulatory approvals.

Industry Minister Christopher Pyne said the Agency would use the expertise and knowledge gained from the already established Tasmanian office to create a strong major projects outlook for the Northern Territory.

“Investors currently face multiple hurdles when identifying the regulatory requirements for establishing new projects,” Mr Pyne said.

“This ‘single point of entry’ will work with major project investors to help streamline their regulatory approvals pathway.

“The Agency provides free services for eligible projects and works with domestic and international project proponents to make sure every box is ticked and projects can get off the ground quickly.”

Minister for Resources, Energy and Northern Australia Josh Frydenberg said the Agency will help further create an investment friendly environment in our north.

“With 40 per cent of Australia’s land mass, but only around five per cent of our population, northern Australia contributes more than 11 per cent of Australia’s GDP,” Mr Frydenberg said.

“There is significant interest in investing in northern Australia.”

Last November the Government hosted the Northern Australia Investment Forum, which attracted 350 senior executives and investors to Darwin.

“Establishing the agency in Darwin will help reduce the burden of red tape for such potential investors and furthers the Government’s blueprint for the region established by the White Paper on Developing Northern Australia,” Mr Frydenberg said.

The White Paper included over $1.2 billion in investment commitments, spread across over 50 policy initiatives and 15 Commonwealth agencies.

“Using the expertise and agility of the Tasmanian Office team, the Agency has already worked closely with the $1.5 billion prawn aquaculture Project Sea Dragon and initiated contact with other potential projects around the Northern Territory,” Mr Pyne said.

“The Agency’s services will work closely with Northern Territory government departments and the Northern Territory Coordinator General’s Office to ensure that proponents have all the information they need on the regulatory approvals process.”

Related news & editorials

  1. 24.09.2018
    24.09.2018
    by      In
    CSIRO is shooting for the Moon this week at 18th Australian Space Research Conference on the Gold Coast with the launch of an industry roadmap designed to encourage the development of the technological expertise to help to establish a human base on the Moon.
    The report, “Space: A roadmap for... Read More
  2. 20.09.2018
    20.09.2018
    by      In
    Control Logic has set its sights on expansion, with a new leadership team incorporating key roles in products and marketing, sales and development, and operations and services. The move aims to increase the company’s skill set and focus to drive innovation and expand the company’s expertise and... Read More
  3. 19.09.2018
    19.09.2018
    by      In
    The Australian Made Campaign is providing some valuable support for the nation’s furniture manufacturers with its latest initiative, which urges local buyers to ‘take comfort in their purchase’ and choose genuine Aussie furniture, bedding and furnishings this spring.
    According to Australian Made... Read More
  4. 12.09.2018
    12.09.2018
    by      In
    Siemens has unveiled its new manufacturing facility in Yatala (Queensland), which has been set up to support the growing global demand for the locally developed Fusesaver medium-voltage circuit breaker.
    The new factory is part of an ongoing $25 million investment in manufacturing and research of... Read More