Territory benefit policy and planning
The Territory benefit policy outlines the expectations of the Northern Territory (NT) Government for private sector projects developing a Territory benefit plan.
The Territory benefit policy encourages project proponents, early in their planning phase, to understand the capabilities of the local industry and workforce. This policy challenges proponents to consider what strategies they can adopt to enhance the local benefit outcomes their project delivers, while realising the long-term advantages of having locally-based, capable suppliers and labour.
Project proponents achieve their social licence to operate by engaging with the local community, building trust and relationships to seek the community’s acceptance of the project. Developing and implementing a Territory benefit plan will assist a project to earn and maintain their social licence in the local community.
The Territory benefit policy can be adopted voluntarily by any project or business but it does specifically apply to the projects listed below:
- private sector projects awarded NT major project status under the NT major project status policy framework
- private sector projects receiving support (financial or in-kind) from the NT Government valued at or greater than $500,000
- projects where a Territory benefit plan is specified as a condition of a NT Government agreement.
Get a copy of the Territory benefit policy:
Key elements of a Territory benefit plan
A proponent’s Territory benefit plan should address all phases of their project and outline their:
- project overview
- Territory benefit commitments and strategies
- communications and reporting strategy.
When developing a Territory benefit plan, project proponents are encouraged to consider what they can do to achieve a wide range of benefits including:
- workforce development
- Aboriginal employment
- diverse workforce
- local suppliers of goods and services
- Aboriginal suppliers of goods and services
- local investment in and contribution to the shared value in the local community.
Project proponents are required to publicly share their plan’s key commitments and report on outcomes achieved. Proponents can determine the reporting communication approach that best suits their project’s stakeholders. This communication and reporting strategy will need to be outlined in the Territory benefit plan.
More information is available in attachment A and in the appendix of the policy.
For more information
Last updated: 23 June 2021
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