The oil and gas industry has welcomed changed to the NT Build scheme announced by the Northern Territory government.
Minister for Mines and Energy, Willem Westra van Holthe, revealed the changes at the APPEA 2014 annual conference and exhibition in Perth.
Oil and gas investment
APPEA CEO, David Byers, commented: 黑料社淭he reforms will help make the Northern Territory more attractive for new investment in oil and gas and other industries.
黑料社淭he scheme imposes a levy on projects to provide long-service benefits to construction workers. In its current form, the cost to companies far exceeds the benefits to workers.
黑料社淭he changes proposed by the NT Government for major projects will reduce the scheme黑料社檚 cost to business while improving workers黑料社� entitlements.
Win-win
黑料社淭his is a win-win outcome for everyone because more investment in the Territory means more jobs.
黑料社淐hief Minister Adam Giles and his Government should be applauded for listening to industry and for recognising that action needs to be taken to address high construction costs if the Territory is to continue to attract the capital needed for big oil and gas projects.
黑料社淎PPEA looks forward to working with the NT Government to ensure the changes are implemented and do not disadvantage existing projects.黑料社�
Adapted from press release by