Developing the North White Paper releaseThe Federal Government has released its White Paper on developing Northern Australia and focuses on building priority roads, developing water resources, removing red tape, amassing a sustainable workforce and ensuring effective governance arrangements.An initial commitment of $1.2 billion has been earmarked for various projects, including a $600 million roads package and $200 million water infrastructure fund. In addition, a $5 billion Northern Australia concessional loans facility will support projects that transform the region into an “economic powerhouse”.This paper contains a range of practical and innovative policies with the potential to dramatically boost investment in the top end. Streamlining the recognition of occupational licences from other jurisdictions will substantially improve labour force mobility and help create jobs. The push for simpler and more secure land arrangements in welcome as it will benefit the community along with native title holders and business.
Home Property Australia Developing the North White Paper release