Key Points A safe, secure and prosperous Northern Territory depends on a strong and growing economy. A strong economy allows us to deliver lower taxes for hard working Territorians, and to guarantee the high quality essential services the NT relies upon. The NT needs strong economic leadership now more than ever. While the rest of Australia is growing, the NT economy and finances have weakened after two years of mismanagement by the Gunner Labor Government. The Morrison Government has provided $500 million in GST top-up funding to the NT. This much needed cash injection is critical to delivering services for Territorians given the Gunner Government's mismanagement of the budget. The Gunner Government’s poor record provides a taste of what the NT can expect if Labor is elected federally. Only the Morrison Government will support the economic development of the NT, its Indigenous communities and northern Australia more broadly. Our record includes backing major infrastructure projects, awarding Indigenous owned businesses more Commonwealth contracts, lowering taxes for small businesses, and opening up new industry, agricultural and water resource development opportunities. A re-elected Morrison Government will work to build a stronger NT economy, allowing us to guarantee and improve essential services. We will: Invest $20 billion over 20 years in Defence infrastructure and facilities providing opportunities for small to medium sized NT businesses to secure long‑term work Invest in new infrastructure to grow the NT economy and improve road safety, including an additional $622 million for land transport infrastructure over the next decade, bringing our total investment to $2.4 billion. Open up the Beetaloo Basin for gas exploration and development, delivering more jobs for the NT and more reliable and affordable gas supply for Australia. Boost tourism and jobs by investing up to $216 million to upgrade Kakadu National Park and remediate Jabiru. Tackling high youth unemployment with an industry training hub in Alice Springs. Deliver Territorians the largest personal income tax relief since the Howard Government, with tax relief of up to $1,080 for single income families earning up to $126,000. For a dual income family that’s up to $2,160 in families’ pockets. Back small and family businesses, with lower taxes and an increase in the instant asset tax write-off to $30,000 now expanded to medium-sized businesses. Continue to increase funding for NT healthcare, with a $95.4 million NT Health Plan to strengthen the health system Deliver safer and more secure NT communities including investing in crime prevention like CCTV cameras and security systems. Support economic development, education and services in Indigenous communities including a new $40 million Indigenous tourism initiative, and introducing a target of 3 per cent of the value of Commonwealth contracts to be awarded to Indigenous businesses within a decade. Continue to roll-out the Darwin City Deal and Barkly Regional Deal. Support NT veterans and their families with a Veterans’ Wellbeing Centre and veterans employment programs. The NT can’t afford Labor governments at both the Territory and federal levels. Labor’s plans to impose billions of dollars of taxes and a 45 per cent emissions target will put Territory households under pressure and jobs at risk. Labor’s economic and budget mismanagement means the essential services the NT relies on – hospitals, schools and better roads – will be put at risk. Our Record The Coalition has demonstrated it will back the NT and make the right decisions to strengthen the economy, deliver jobs and guarantee essential services. We have made significant investments in transport infrastructure to drive economic growth and improve safety. We have committed over $1.5 billion to Northern Australia from the Roads of Strategic Importance Initiative, and committed $2.4 billion to projects in the NT since 2013. This includes: $180 million to upgrade the Central Arnhem Road to a two lane sealed road. $111 million towards the NT component of our $330 million to seal and widen sections of the Outback Way. $100 million to upgrade the Buntine Highway to a two lane sealed road. $77 million for the NT Roads package which will upgrade other key roads like Port Keats Road, Roper Highway and Santa Teresa Road. Improvements to major roads in Darwin, including $70 million for the Tiger Brennan Drive duplication project and $29.5 million for the Garramilla (formerly Barneson) Boulevard. $30 million for the Barkly Stock Route and Tablelands Highway under the Beef Roads Program. Record funding for NT public hospitals, with funding more than doubling from $152 million in 2012-13 under Labor, to $306 million in 2019-20, and $15 million for a new PET scanner and cyclotron to improve cancer services. Cheaper medicines with more than 2,000 new medicine listings on the PBS since we were elected in 2013, including life-saving drugs for cancers. More funding for NT schools, with a total of $4.6 billion from 2018 to 2029, equivalent to a per student funding increase of 43.6 per cent. More affordable child care with out-of-pocket costs for parents falling by 6.4 per cent in Darwin over the first six months of Coalition reforms. More support for remote housing, with $550 million over five years $21.6 billion for aged care in 2019-20 across Australia, including funding for an additional 10,000 home care packages nationally, and a Royal Commission into the sector. We have also rolled out the NBN to over 99% of the NT, backed Darwin as a centre for tropical medicine, invested $4.8 million in the Darwin International Airport Freight and Training Hub, supported CSIRO to identify new areas for water and agricultural development and delivered over $500 million in GST top-up funding to the NT. Indigenous economic development has been a priority. We have delivered an Indigenous Business Sector Strategy and set targets for government contracts which have lifted the number of Indigenous businesses winning Commonwealth contracts from 30 in 2012-13 to over 1400 today, including over 280 in the NT alone. More Indigenous organisations than ever before are delivering services on behalf of the Commonwealth and are employing more local people who are closer to the communities they serve. Our strong economic and budget management means we have been able to deliver: Record funding for NT public hospitals, with funding more than doubling from $152 million in 2012-13 under Labor, to $306 million in 2019-20, and $15 million for a new PET scanner and cyclotron to improve cancer services. Cheaper medicines with more than 2,000 new medicine listings on the PBS since we were elected in 2013, including life-saving drugs for cancers. More funding for NT schools, with a total of $4.6 billion from 2018 to 2029, equivalent to a per student funding increase of 43.6 per cent. More affordable child care with out-of-pocket costs for parents falling by 6.4 per cent in Darwin over the first six months of Coalition reforms. More support for remote housing, with $550 million over five years $21.6 billion for aged care in 2019-20 across Australia, including funding for an additional 10,000 home care packages nationally, and a Royal Commission into the sector. A strong economy has allowed us to invest safety in the Territory. The Government has maintained strong borders – we stopped the boats, stopped the deaths at sea, removed children from immigration detention, and have cancelled the visas of thousands of criminals across the country, including 58 in the NT. Through the NT Remote Aboriginal Investment National Partnership, the Commonwealth is providing over $975 million over the period 2015-2022, including supporting the health and safety of individuals, children and families. Around $3 million has also been invested under the Safer Communities Fund for crime prevention in NT communities, including CCTV cameras, improved lighting and other infrastructure. Our Plan Investing in NT Defence infrastructure and facilities The NT is strategically important to the defence of our nation and protection of our borders, which is why we will invest $20 billion in Defence infrastructure and facilities in the NT over the period from 2016 to 2036. Defence spending under the Morrison Government will increase to around 10 per cent of the Territory’s Gross State Product in coming years. This funding will go towards: upgrades to Larrakeyah Barracks and HMAS Coonawarra to support the future maritime force, including larger offshore patrol vessels upgrades to RAAF Bases Darwin and Tindal to accommodate the new F-35A Lightning II Joint Strike Fighters facilities, infrastructure and airfield works at RAAF Base Tindal to support P8-A Poseidon aircraft and MQ-4C Triton unmanned aircraft the construction of a Norther Explosive Ordnance storage facility purpose-built facilities at the Delamere Air Weapons Range to support training on the EA-18G Growler electronic attack aircraft upgrades to the Bradshaw Field Training Area and Robertson Barracks. The Morrison Government will ensure this investment offers businesses and tradies in the NT opportunities to secure additional long-term work and create more jobs by introducing a Local Industry Capability Plan requirement for all significant Defence infrastructure projects, following our successful pilot projects. All tenderers for construction services valued at $7.5 million or more will be required to develop a Local Industry Capability Plan, outlining how local industry has been engaged, and the work it will undertake. This means we will roll out Local Industry Capability Plans for Stage 6 of the RAAF Base Tindal Redevelopment and RAAF Base Tindal Airfields Works projects, both commencing in early 2020. The construction of a new health centre at Larrakeyah Barracks and the refurbishment of the existing health care centre at Robertson Barracks will result in around 90 per cent of the workforce coming from the Darwin region and will create up to 55 sub-contract packages, with a total value of $10.4 million. Indigenous businesses will also benefit including through the NT component of the Land Force Mortar Replacement projects. In addition to these infrastructure investments, the Coalition’s acquisition of new and enhanced platforms, like our larger Arafura class Offshore Patrol Vessels, and the F‑35 Lightning II Joint Strike Fighter, also offer Territorian businesses opportunities to secure capability sustainment work. Existing sustainment work on the current Armidale class patrol boats alone has planned expenditure of $116 million across northern Australia in 2019-20. Our expanded international engagement also means more visiting defence forces. This creates a boon for local Territory businesses who support those visits. The US Force Posture Initiatives, particularly the Marine Force Rotation – Darwin, creates opportunities for local businesses to support the visiting US forces. Record funding for transport infrastructure A stronger NT economy starts with investing more in infrastructure to unlock economic potential and ensure Territorians get to their destinations quickly and safely. In the 2019-20 Budget, we locked in a further $622 million over the next decade for land transport infrastructure in the NT, bringing our total investment to $2.2 billion. New projects include: $492 million for projects from the Roads of Strategic Importance initiative, including: $162 million for the Alice Springs to Darwin corridor $160 million for the Alice Springs to Halls Creek (WA) corridor $70 million for the NT component of our $270 million investment in the Tennant Creek to Townsville corridor upgrade. $60 million for the Adelaide River to Wadeye corridor upgrade. $40 million for the NT component of our $110 million investment in the Newman to Katherine corridor upgrade. $70 million for Kakadu National Park road upgrades $60 million for Tiwi Island road upgrades We will also ensure the NT gets its fair share of our $2.2 billion National Road Safety Package, which includes additional funding of $1.1 billion for the Roads to Recovery Program; $550 million for the Black Spots Program; $275 million for the Heavy Vehicle Safety and Productivity Program; and $275 million for bridges renewal funding. The NT will also benefit from our new $220 million Stronger Regional Digital Connectivity Package, building on the 32 mobile blackspot base stations we have funded in the NT to date. Opening up the Beetaloo Basin The Beetaloo Basin is one of the most prospective new gas reserves in Australia. It is a potential game-changer for the Australian gas market and the NT economy, with the NT’s independent inquiry finding that even small-scale developments in the Beetaloo could create more than 6,500 full-time jobs. The Morrison Government is investing $8.4 million to accelerate gas supplies from the NT to the east coast market. This will support the opening of the Beetaloo Sub-basin for exploration and development, and improve the transparency, competiveness and long-term security of gas supply in Australia. The funding will go towards environmental baseline work, a feasibility study on gas exploration areas, and an Aboriginal economic strategy to support the development of the Beetaloo. With the Inpex project construction phase winding down, development of the Beetaloo Basin has the potential to provide more Territory jobs, more Territory royalties, and more funding for Territory services. Securing tourism and jobs in Kakadu Kakadu is one of Australia’s most important environmental and heritage assets. It is a tourism icon and home to 60,000 years of living Indigenous culture. The Morrison Government will invest up to $216 million to upgrade the World Heritage-listed Kakadu National Park and help the township of Jabiru transition to a tourism-based economy. This funding will restore the Territory’s place as one of Australia’s leading natural tourism locations, attracting more tourists from around Australia and the world, and boosting the Territory economy. The funding will be front-loaded, with around $150 million (close to 70 per cent) to be delivered by 2022-23. The initiative includes: Up to $70 million to upgrade roads to improve access to the park. $51 million for tourism infrastructure and attractions, including upgrades to camp grounds, walking tracks and viewing platforms, improved signage, mobile and WiFi services. Up to $60 million to support a world-class, Indigenous-led World Heritage Kakadu Visitor Centre in Jabiru. $35 million to support remediation of Jabiru Tackling high youth unemployment The NT will benefit from the Morrison Government’s $525 million national skills package, including our $58 million investment in Industry Training Hubs and scholarships to skill young Australians for jobs of the future. Alice Springs is one of ten locations of elevated youth unemployment across Australia that have been selected to host an Industry Training Hub, which will strengthen partnerships between local schools, employers and industries, and ensure that vocational education programs are tailored to meet local workforce needs and skills demands. Youth unemployment in the Alice Springs region at 12.1 per cent is higher than the national average of 11.5 per cent. Under the scholarship program, young people in training hub areas will be eligible to apply for a scholarship to undertake an eligible VET Approved Program of Study. Across the nation, four hundred scholarships, valued at up to $17,500 each, will be made available from Certificate III to Advanced Diploma level. Strengthening the NT health system The Morrison Government’s health plan for the NT will improve lives, protect lives and save lives. It builds on the record funding we have provided for NT public hospitals, record levels of bulk billing, $15 million for the new PET scanner and cyclotron, and more than 2000 new medicine listings subsidised through the Pharmaceutical Benefits Scheme. Funding for NT public hospitals will triple from $152 million in 2012-13 under Labor to $467 million in 2024-25 (with $306 million in 2019-20) under a new hospitals agreement. We will also deliver a $95.4 million NT Health Plan to strengthen the NT’s health system, providing affordable and accessible health services for more Territorians, where and when they need them. The Plan will deliver more doctors, more services and more critical health infrastructure, including: $25.7 million for the Alice Springs Hospital Ambulatory Centre $18.7 million to extend the Remote Area Health Corps $14 million for a new adult mental health centre in Darwin Hospital $9 million for an Aboriginal and Torres Strait Islander diabetic foot complication program $8.5 million for an enhanced capacity for testing and treating syphilis program $7.5 million for a new MRI licence at the Darwin Hospital $4.5 million to address urgent gaps in knowledge to address HTLV1 virus in Central Australian communities $3.275 million for a staff accommodation block in Tennant Creek $2.3 million for Katherine Hospital Consulting Rooms $1.2 million for Red Dust to support young Aboriginal and Torres Strait Islander people with mental health issues in the NT to access the care that is right for them $750,000 for point of care pathology testing infrastructure. $4.1 billion to Indigenous health over the next four years. $34 million specifically for Indigenous suicide prevention and mental health initiatives Our $550 million Stronger Rural Health Strategy, which is delivering 3,000 additional doctors and more than 3,000 additional nurses and allied health professionals across Australia, including $84.1 million for the Royal Flying Doctor Service to provide dental care, mental health services and emergency aeromedical services. Access to new treatment and clinical trials through the $100 million National Rural and Regional Clinical Trial Centre Program. NT communities will also benefit from a range of other national initiatives including: Lower taxes for hard-working Territorians The Morrison Government is lowering taxes for hard-working Territorians as part of our plan to deliver a stronger economy and record job creation. Our tax system must be fair for all Australians. Our Personal Income Tax Plan delivers lower taxes for Territorians, ensuring they keep more of what they earn. The enhanced plan will result in a better tax system, with greater reward for effort while ensuring top earners pay their fair share. Around 100,000 lower and middle income earners in the NT will receive relief of up to $1,080 after they lodge their 2018-19 tax return. That’s up to $2,160 for dual income families. These benefits are then locked in for subsequent years. A re-elected Morrison Government will also deliver long-term structural reform by lowering the 32.5 per cent tax rate to 30 per cent from 1 July 2024. As a result of this plan, around 94 per cent of Australian taxpayers are projected to face a marginal tax rate of 30 per cent or less in 2024-25. The Government’s strong fiscal management means that it can deliver surpluses while also rewarding hard-working Australians and easing cost of living pressures. Supporting small and family businesses Small and family businesses are at the centre of the Morrison Government’s economic plan for Australia and the NT. They are the engine room of our economy, with the NT’s 19,000 small and medium-sized businesses employing around 62,000 workers. When small businesses are healthy, all Australians are better off. It means more jobs, more choice, better living standards and more vibrant and connected communities. The Morrison Government knows some small businesses in the NT are going through hard times. We want small businesses to prosper. We want them to employ even more Australians. The Morrison Government is pursuing a number of measures to strengthen small and medium businesses and the national economy. We are reducing taxes on small businesses – the business tax rate for small and medium-sized companies has been reduced from 30 per cent to 27.5 per cent and will fall further to 25 per cent in 2021-22. Unincorporated Territorian small businesses will have access to the Government’s increase to the unincorporated tax discount. We have increased the instant asset write-off threshold to $30,000 until 30 June 2020. We also expanded access to the instant asset write-off to include medium-sized businesses by increasing the annual turnover threshold from $10 million to $50 million. These changes provide a much needed boost to agricultural, retail, tourism, hospitality and other small and medium businesses in the NT. Small and family businesses in the NT can trust the Morrison Government to back them with other announced measures, including streamlining red tape and simplifying tax reporting; increasing access to finance; and ensuring they get paid on time by government and big business. Safer and more secure NT communities Crime in the NT is still too high. While there have been recent improvements in some areas, like assaults, other areas like property crimes, break-ins and theft have been increasing. The Morrison Government is committed to support the safety and security of communities in the NT and will deliver a comprehensive suite of actions that will help keep people in the NT safe. In addition to maintaining strong borders, cancelling visas of people who commit crimes, and delivering funding for community safety in Indigenous communities, the NT will benefit from our national plans to: Support local councils and community organisations to undertake crime prevention activities as well as protect schools, religious institutions and other sites from religious and racial intolerance through CCTV cameras, security lighting, alarm systems and other infrastructure. We will earmark $4 million specifically through the NT under Round Five of the Safer Communities Fund. Deliver a comprehensive drug strategy to address the supply, demand and harm caused by illicit drugs with a five-year investment of $337 million. This includes $152 million to strengthen law enforcement efforts to disrupt and reduce the supply of illicit drugs including by targeting the threat posed by outlaw motorcycle gangs Take action against domestic violence, with the largest ever Commonwealth investment of $328 million for prevention and frontline services to support the Fourth Action Plan of the National Plan to Reduce Violence against Women and their Children Deliver a comprehensive plan to improve online safety, including funding a $10 million Online Safety Grants program to deliver practical online safety education and training projects, continuing to protect Australians, particularly kids online through our world-first e-safety Commissioner, and establishing an Online Safety Charter to set out expectations of social media companies. Reducing energy costs The Morrison Government will reduce energy costs for families and businesses across the NT. The $50.4 million national Regional and Remote Communities Reliability Fund will support up to 50 off-grid and fringe-of-grid communities and businesses to investigate whether establishing a micro grid is cost-effective and whether existing off-grid capabilities can be upgraded with modern technology. This will allow communities to improve their local transmission, install community-scale batteries t0 support existing generation (such as solar), or upgrade existing facilities such as old diesel generators. Moving some remote customers to off-grid supply could save hundreds of millions of dollars in network costs and reduce bushfire risks, while delivering more reliable and affordable power. The Morrison Government’s Energy Efficient Communities Program will provide $50 million through more than 2,500 grants to eligible businesses and community organisations across the country, helping them save energy and reduce their power bills by installing new equipment or reviewing and improving their energy management. Eligible small businesses will be able to claim grants of up to $20,000 and high-energy using businesses up to $25,000. While keeping the economy strong and returning the 2019-20 Budget to surplus, we are also providing $365 million for Energy Assistance Payments of $75 for singles and $125 for couples to eligible social security payment recipients to help with their next power bill and cost of living expenses. Closing the gap and supporting Indigenous communities The Liberal National government’s $5.2 billion Indigenous Advancement Strategy is helping to ensure Indigenous children get an education, assist adults into work, grow the Indigenous business sector and deliver safer and healthier communities. But while there has been meaningful progress on many fronts, only two of the seven Closing the Gap targets are on track. That is why a re-elected Morrison Government will follow through on its Closing the Gap refresh. We have committed to share ownership of, and responsibility for, jointly agreed frameworks, targets and ongoing monitoring of a refreshed Closing the Gap Agenda, with Aboriginal and Torres Strait Islander peoples at its heart. This is a major step toward the genuine and mutually respectful formal partnership between governments and Aboriginal and Torres Strait Islander Australians that will empower individuals and allow communities to thrive. The Morrison Government will also: Boost Indigenous tourism, with $40 million over four years for tourism planning work with Indigenous communities and individuals interested in pursuing tourism opportunities. Funding will also be available to support planning and investment at the start-up phase of an Indigenous tourism enterprise. This will support more Aboriginal and Torres Strait Islander people into work and see the growth of economic opportunities for Indigenous communities. Support even more Indigenous businesses through government procurement building on our highly successful Indigenous Procurement Policy. Commencing on 1 July 2019, the Commonwealth will introduce a new three per cent value target for all Commonwealth contracts to be awarded to Indigenous business within the next decade. Invest $200 million in the Indigenous Youth Education Package to fund additional scholarship placements and give more Indigenous students the support and mentoring they need. Encourage teachers to work in Very Remote Areas by helping them pay their Higher Education Loans. For teachers working in a Very Remote Area, their HECS debt will be frozen, meaning they will not have one cent of interest added to their debt whilst they are working in a Very Remote Area. For teachers who work for four years in a Very Remote Area, their HECS debt will be scrapped. Continue to roll-out the $12 million a year Connected Beginnings program, which integrates early childhood, maternal and child health and family support services with schools in areas of high need and vulnerability. Over time, our objective is to reduce the differences between Indigenous and non-Indigenous children when it comes to school readiness and educational outcomes. Twelve projects are already underway, including in Alice Springs, where engagement with parents at Braitling Primary School is already improving as a result of the program. Support local and regional decision making, increasing the involvement of Aboriginal and Torres Strait Islander Australians in the development of policies and the delivery of services that benefit Indigenous communities, with $7.3 million provided in the 2019-20 Budget. City and regional deals The Morrison Government will implement our transformative city deal for Darwin and the Barkly Regional Deal, delivering more liveable communities. The $200 million Darwin City Deal, including $100 million from the Morrison Government, is a ten year plan to position Darwin as a vibrant and liveable tropical capital city, supported by a growing population and diverse economy. The deal will revitalise Darwin’s city centre and support future growth, and includes: The creation of a new education and civic precinct on Cavenagh Street featuring a new Charles Darwin University campus, as well as retail, commercial and community spaces. Construction of a new art gallery in State Square. Transformation of public spaces in the CBD to create cooler, greener streetscapes A new Urban Living Lab led by CSIRO which will test and evaluate improvements in Darwin’s liveability, sustainability and resilience. A process to redevelop a key piece of Defence-owned land at Stokes Hill. An 8.8 per cent Indigenous employment target and 3 per cent supplier-use target for City Deal projects, and $2 million to support the Larrakia Development Corporation. The Barkly Regional Deal is Australia’s first ever Regional Deal, covering Tennant Creek and surrounding areas. The deal will provide $78.4 million, with $45.4 million from the Commonwealth, to improve the productivity and liveability of the Barkly region, including: $15.9 million to increase housing supply and reduce overcrowding by building a visitor park and student boarding accommodation and entering into a private-public partnership for new social and affordable housing stock. $15.4 million for the installation and operations of a new weather radar near Tennant Creek. $10.1 million for economic development to stimulate private sector activity including developing an economic master plan, establishing a business hub and investing in local infrastructure. $3.9 million to support local community leadership, reactivate sporting leagues, deliver mediation services and invest in community projects in remote areas and homelands. Supporting veterans and their families in the Territory The NT is home to over 5,000 defence personnel, many of whom are veterans, as well as many former ADF members who choose to make the Top End their home after their service ends. As part of the Morrison Government’s plan to provide better services for our veterans, we will provide $5 million to support the establishment, enhancement or redevelopment of a Veterans’ Wellbeing Centre in the Darwin region. This centre will support co‑location of veterans’ support services and allow for closer integration and coordinate of government and non-government support, including connections with local health services, community organisations, and advocacy and wellbeing support. Further, the Morrison Government will support non-profit organisations Solider On and Team Rubicon with grants of $6 million and $3 million respectively to deliver innovative veterans employment programs, including in Darwin, to help veterans find meaningful civilian employment after their ADF service. This will help veterans and the Top End community, as well as help retain highly-skilled personnel in the region. The Choice There is a lot at stake at this election. And there is a clear choice. A choice between a Government that is delivering a strong economy or a Labor Party that would weaken our economy. A choice between a Government that is fixing the budget or a Labor Party that can’t manage money. A choice between a Government that is easing the pressure on families by lowering taxes or a Labor Party that will put more strain on households by imposing $387 billion in new taxes on workers, retirees and small business. A choice between a Government that can afford to pay for better infrastructure and services or a Labor Party that would max out Australia’s credit card. A choice between a Government that has secured our borders and is keeping Australians safe or a Labor Party that has learned nothing from its border security failures. The NT cannot afford Labor governments at both the federal and state levels. As the people of the NT know too well, Labor can’t manage money and they can’t manage the economy. When Labor can’t manage money, they come after yours. The Gunner Labor Government is cutting $11.2 billion in spending over the decade through a series of austerity measures and went to Canberra seeking an emergency bailout. This poor record provides a taste of what the NT can expect under a Shorten Labor Government. Labor plans to hit Australians with $387 billion in big new taxes which will hurt the people of the NT: Labor’s retiree tax will punish older Australians in the NT who have worked hard and saved for retirement by abolishing tax refunds on share dividends. In the NT, this will affect over 2600 individuals who have direct shareholdings and many more invested through self-managed super funds. On average individuals with direct holdings lose almost $2,300 a year and self-managed super funds lose $12,000 a year. Labor’s housing and investment taxes will end negative gearing as we know it, and increase capital gains tax by 50%. If you own your own home it will be worth less, and if you rent you will pay more. Labor would impose higher income tax by reversing the Government’s legislated income tax plan and the enhancements we announced in the 2019-20 Budget. Our Plan will ensure 94% of taxpayers will pay no more than 30 cents in the dollar. Labor's approach would leave over 71,000 people in the NT worse off. Labor’s Family Business Tax would impose a minimum tax rate of 30% on the 1200 NT small businesses structured through discretionary trusts. This is the same rate imposed on large multinational companies. cost the economy $472 billion, slash more than 336,000 jobs, cut the average wage by over $9,000, and increase wholesale electricity prices by more than 58%. On top of this, Labor’s emissions targets will: This is a cost that NT businesses and workers can’t afford. Labor's car tax will also increase the cost of SUV's and utes by up to $5,000 and reduce choice of vehicles. Labor also can’t be trusted with supporting NT businesses with long-term defence work. Labor’s record when last in Government was that they slashed Defence spending. Defence capability and infrastructure in the NT was particularly a victim of those cuts. Last time in government, Labor closed down the live export trade. Under the influence of the Greens, there is a big risk they would do it again. In contrast, the Coalition has a plan for lower taxes so that you can keep more of the money that you earn. We also have a fully costed $3.5 billion Climate Solutions Plan that will ensure we meet and beat our international targets without wrecking the economy, and we have a comprehensive plan to bring down energy prices. There will only be one outcome for the NT under Labor – a weaker economy, fewer jobs and higher taxes. If Labor can’t be trusted to run the economy and manage the budget, they can’t be trusted to invest in services the NT relies on, including health, education and roads. Cost The Coalition’s plan for a stronger Northern Territory will not place additional costs on the Budget. The plan includes over $100 million in previously unannounced measures.