Increasing development potential of NT pastoral lease land

The Northern Territory Government is considering amendments as a first step to rectify immediate shortfalls in relation to pastoral land in the Territory.

The Pastoral Land Legislation Amendment Bill 2017 was introduced into the NT Parliament on 18 October 2017 and proposes to amend the Pastoral Land Act and its Regulations.

It is understood that the main purpose of the amendments is to "allow pastoral lease holders in the NT to diversify their business enterprises and boost the economy through further supporting diversification and investment in the pastoral estate".

The Bill includes amendments to:

• give the Minister the ability to grant subleases on pastoral land for a range of non-pastoral purposes;