1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Miners warn new NT royalty proposal to hurt investment

By:  
Creamer Media Senior Deputy Editor: Australasia
 
LEGISLATIVE ENVIRONMENT
The resources sector has warned the Northern Territory government that adjustments to its royalty system could hamper investment in the region. Northern Territory Treasurer Nicole Manison on Friday announced the introduction of a hybrid royalty scheme as part of the territory government’s plans to increase revenue after more than A$800-million in critical funding was lost owing to cuts in goods and services tax payments.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register