The purpose is to stimulate a discussion to ensure that …

Comment on Will gas royalties save the NT? Read the fine print. by Shauna Mounsey.

The purpose is to stimulate a discussion to ensure that the Territory makes money from its industries.
I have worked in the resources sector as a lawyer and a scientist for more 10 years and I have considerable insight into the benefits and the drawbacks of the industry.
The government has to strike the balance between building the economy and ensuring that it gets a good return on investment for its effort.
This is not an easy task and the Territory has missed out on millions of dollars in royalties in the past from the resources sector as a whole.
I will not name the companies, but I’m sure you can google the topic you will find some interesting results.
Hopefully with all these inquires and the Treasury Discussion papers the Government will finally gather enough information to create a royalty scheme that is fair and equitable to both the resources industry and Territorians.

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