1 00:00:00,080 --> 00:00:02,440 Speaker 1: Now we heard yesterday with the Chief Minister that the 2 00:00:02,520 --> 00:00:06,240 Speaker 1: Territory's defense industry is going to contribute billions of dollars 3 00:00:06,280 --> 00:00:09,600 Speaker 1: to the Northern Territory's economy and create thousands of new 4 00:00:09,680 --> 00:00:13,680 Speaker 1: jobs for Territorians in the next four years. That's according 5 00:00:13,720 --> 00:00:18,080 Speaker 1: to a new independent economic analysis revealed by Master Builders 6 00:00:18,320 --> 00:00:22,840 Speaker 1: NT the Economic Impact of Defense Infrastructure Projects in the 7 00:00:22,840 --> 00:00:27,440 Speaker 1: Northern Territory report. It was commissioned by economic advisory firm 8 00:00:27,600 --> 00:00:32,000 Speaker 1: ASIL Allen to analyze the impacts of defense infrastructure investment 9 00:00:32,120 --> 00:00:35,199 Speaker 1: here in the Northern Territory. And joining me on the 10 00:00:35,280 --> 00:00:37,559 Speaker 1: show to tell us more about this is the CEO 11 00:00:37,760 --> 00:00:41,040 Speaker 1: of Master Builders here in the Northern Territory, Ben Carter. 12 00:00:41,159 --> 00:00:43,720 Speaker 1: Good morning to you, Ben Katie. 13 00:00:43,760 --> 00:00:44,240 Speaker 2: How are you going? 14 00:00:44,360 --> 00:00:47,400 Speaker 1: Yeah, really good, Thanks so much for your time. Now, Ben, 15 00:00:47,520 --> 00:00:52,520 Speaker 1: why did Master Builders decide to commission this report, Okatie. 16 00:00:52,560 --> 00:00:54,800 Speaker 2: This new report, which is as you say, was called 17 00:00:54,840 --> 00:00:58,320 Speaker 2: Bean Dollar Partnership and about the economic impacts of defense 18 00:00:58,360 --> 00:01:01,640 Speaker 2: infrastructuring in the Territory is actually the third series in 19 00:01:01,680 --> 00:01:04,600 Speaker 2: a series of reports that started off in twenty fifteen 20 00:01:04,600 --> 00:01:07,800 Speaker 2: and sixteen, which were done in partnership with the Department 21 00:01:07,800 --> 00:01:11,840 Speaker 2: of Defense. To ascertain whether or not the territory construction 22 00:01:11,920 --> 00:01:14,880 Speaker 2: set that has the capacity to deliver defense projects in 23 00:01:14,920 --> 00:01:18,360 Speaker 2: the territory. And given that there's a strong pipeline of 24 00:01:18,400 --> 00:01:21,960 Speaker 2: work that's been foreshadowed prior to the VENTA, that's a 25 00:01:22,040 --> 00:01:26,320 Speaker 2: defensive treaty of view. In twenty twenty, we as partner 26 00:01:26,360 --> 00:01:28,040 Speaker 2: that again with the Department of the SENSE, who gave 27 00:01:28,120 --> 00:01:31,039 Speaker 2: us a who lot of then or then confidential data 28 00:01:32,120 --> 00:01:35,360 Speaker 2: and about the projects that were forthcoming in the territory, 29 00:01:35,400 --> 00:01:38,400 Speaker 2: and we commissioned as well, as you say, to model 30 00:01:38,440 --> 00:01:41,360 Speaker 2: that to determine again whether or not there's the capacity 31 00:01:41,360 --> 00:01:44,440 Speaker 2: in the territory construction sector to deliver those projects and 32 00:01:44,480 --> 00:01:48,160 Speaker 2: again the economic benefits which are as you said, substantial. 33 00:01:47,720 --> 00:01:50,400 Speaker 1: And ben, do we have the capacity to be able 34 00:01:50,480 --> 00:01:54,400 Speaker 1: to deliver those projects on our own with the construction 35 00:01:54,520 --> 00:01:55,960 Speaker 1: industry that we've currently got. 36 00:01:57,000 --> 00:01:59,840 Speaker 2: Absolutely so. One of the things that the report highlights 37 00:02:00,080 --> 00:02:03,800 Speaker 2: is that over the last decade there's been various gear 38 00:02:03,880 --> 00:02:06,960 Speaker 2: ups and spikes and activity thanks to resources projects, and 39 00:02:07,000 --> 00:02:09,640 Speaker 2: each time the construction sector and the wider economy has 40 00:02:09,639 --> 00:02:13,000 Speaker 2: been able to gear up and to respond to that. 41 00:02:13,120 --> 00:02:15,040 Speaker 2: One of the things the report says is that there 42 00:02:15,040 --> 00:02:17,280 Speaker 2: needs to be more markets signaling by the Department of 43 00:02:17,320 --> 00:02:21,280 Speaker 2: Defense to give industry warning about what the scope of 44 00:02:21,360 --> 00:02:24,640 Speaker 2: works that are coming. And in a way this report 45 00:02:24,720 --> 00:02:27,080 Speaker 2: does act that way itself is a lot of should 46 00:02:27,080 --> 00:02:29,560 Speaker 2: give a lot of confidence to smaller businesses they can 47 00:02:29,639 --> 00:02:32,160 Speaker 2: start to gear up take advantage what will be an 48 00:02:32,160 --> 00:02:36,200 Speaker 2: extraordinary opportunity provided by the six point two billion DOLLA 49 00:02:36,840 --> 00:02:40,760 Speaker 2: pipeline work over the next five years. And we need 50 00:02:40,800 --> 00:02:42,400 Speaker 2: to see more of that from an Apartment of Defense. 51 00:02:42,639 --> 00:02:45,720 Speaker 2: And this is done again in partnership with Defense, but 52 00:02:45,840 --> 00:02:49,200 Speaker 2: that's an important important element of this ben. 53 00:02:49,360 --> 00:02:52,520 Speaker 1: I mean, how can we ensure firstly that Northern Territory 54 00:02:52,560 --> 00:02:56,240 Speaker 1: businesses are going to win this work as well and 55 00:02:56,360 --> 00:02:58,799 Speaker 1: benefit from this investment, because I know that it's something 56 00:02:58,840 --> 00:03:01,639 Speaker 1: that we've spoken about quite a bit with your predecessor, 57 00:03:01,880 --> 00:03:05,200 Speaker 1: Dave Malone, and they'd been that real advocating to make 58 00:03:05,240 --> 00:03:08,080 Speaker 1: sure that territory businesses are actually going to benefit. 59 00:03:08,880 --> 00:03:13,240 Speaker 2: Well the successful In fifteen to sixteen and seventeen there 60 00:03:13,240 --> 00:03:17,239 Speaker 2: were changes made to the purement rules which were driven 61 00:03:17,240 --> 00:03:21,480 Speaker 2: by Master Bills and those previous reports and those procurement rules, 62 00:03:21,480 --> 00:03:24,040 Speaker 2: which mean that there has to be an opportunities for 63 00:03:24,160 --> 00:03:27,160 Speaker 2: local businesses and small businesses to be able to tender 64 00:03:27,200 --> 00:03:31,520 Speaker 2: for work packages and for projects has been extraordinarily successful 65 00:03:31,520 --> 00:03:34,440 Speaker 2: in that time. The proportion of local firms that have 66 00:03:34,600 --> 00:03:38,320 Speaker 2: participating now in defense projects has written from thirty percent 67 00:03:38,400 --> 00:03:41,880 Speaker 2: back then to seventy percent now and there's still capacity 68 00:03:41,920 --> 00:03:45,440 Speaker 2: to grow. So we know that can happen, and it's 69 00:03:45,480 --> 00:03:48,480 Speaker 2: really important that the federal government continues to maintain those 70 00:03:49,240 --> 00:03:51,920 Speaker 2: those defense procurement rules so that we don't go back 71 00:03:51,920 --> 00:03:55,520 Speaker 2: to that old days of a huge companies bringing in 72 00:03:56,600 --> 00:03:59,960 Speaker 2: flying in everyone from Wagga Waga or some other Downsound 73 00:04:00,560 --> 00:04:04,240 Speaker 2: town to do all the work. So we know that 74 00:04:04,280 --> 00:04:07,480 Speaker 2: at the moment it does happen and is happening, and 75 00:04:08,080 --> 00:04:10,240 Speaker 2: we know we have the capacity, particularly if we have 76 00:04:11,200 --> 00:04:14,640 Speaker 2: changes made to the way that defense work is signals 77 00:04:14,880 --> 00:04:18,760 Speaker 2: but also defense making, doing things like making a lot 78 00:04:19,000 --> 00:04:22,840 Speaker 2: more programmatic approach to the role out of projects rather 79 00:04:22,880 --> 00:04:27,240 Speaker 2: than have sort of what what friendship conteum will bit 80 00:04:27,279 --> 00:04:30,680 Speaker 2: hit and miss and stop start and so you know, 81 00:04:30,880 --> 00:04:32,920 Speaker 2: it's it's hard for a small business COATI to gear 82 00:04:32,960 --> 00:04:36,200 Speaker 2: itself up and take care of its cash flow issues 83 00:04:36,200 --> 00:04:38,840 Speaker 2: if it doesn't feel confident for all that there's going 84 00:04:38,880 --> 00:04:43,479 Speaker 2: to be a rolling, a rolling of projects. 85 00:04:43,080 --> 00:04:45,800 Speaker 1: Yes, spot on, And I mean what kind of projects 86 00:04:45,800 --> 00:04:47,120 Speaker 1: are we talking about. 87 00:04:46,880 --> 00:04:50,440 Speaker 2: Here, Well, there's twenty five projects we model in the 88 00:04:50,520 --> 00:04:54,160 Speaker 2: report and they're very substantial. So they go from things 89 00:04:54,200 --> 00:04:57,520 Speaker 2: like you know works on the airfields like raft based 90 00:04:57,520 --> 00:05:00,120 Speaker 2: style on and simble to the projects that Rob's and 91 00:05:00,160 --> 00:05:03,760 Speaker 2: barracks and Larikida which is on which is doing at 92 00:05:03,760 --> 00:05:06,280 Speaker 2: the moment, So there's a whole there's twenty five products 93 00:05:06,279 --> 00:05:09,039 Speaker 2: which you can find in the report. And what the 94 00:05:09,120 --> 00:05:11,120 Speaker 2: tee is of course is that there's also a security 95 00:05:11,160 --> 00:05:13,440 Speaker 2: in the state works which is a really big incubator 96 00:05:13,960 --> 00:05:17,760 Speaker 2: for smaller businesses in the charactory to get started in construction, 97 00:05:18,000 --> 00:05:21,159 Speaker 2: in construction of defense projects, and so there's a lot 98 00:05:21,200 --> 00:05:24,520 Speaker 2: of uch opportunity to start with. We think that you 99 00:05:24,560 --> 00:05:28,200 Speaker 2: can fight off realtively easily and to build up. I mean, 100 00:05:28,240 --> 00:05:33,560 Speaker 2: as you know, bearkre concreating one a national award. This 101 00:05:33,640 --> 00:05:37,120 Speaker 2: is Dexceent Award for its success in case they grew 102 00:05:37,160 --> 00:05:40,680 Speaker 2: from a very small business to a really large or 103 00:05:40,720 --> 00:05:43,000 Speaker 2: not a large business, but a much larger business on 104 00:05:43,040 --> 00:05:44,680 Speaker 2: the back of defense work. And they have a really 105 00:05:44,680 --> 00:05:45,599 Speaker 2: good role model. 106 00:05:45,640 --> 00:05:48,440 Speaker 1: What can happen now, tell me, I mean the report 107 00:05:48,520 --> 00:05:52,800 Speaker 1: found seven six hundred local jobs in the territory between 108 00:05:52,880 --> 00:05:55,720 Speaker 1: now and twenty twenty seven. That's what it's going to create. 109 00:05:55,960 --> 00:05:58,360 Speaker 1: I mean, it's a massive number. Where are we going 110 00:05:58,360 --> 00:05:59,719 Speaker 1: to get all of these workers from? 111 00:05:59,760 --> 00:06:02,840 Speaker 2: Ben Well, we need to We know that we know 112 00:06:02,920 --> 00:06:06,200 Speaker 2: that that historically, without the resources projects we can get 113 00:06:06,240 --> 00:06:09,560 Speaker 2: up previously that a large proportion of those come from 114 00:06:09,560 --> 00:06:12,880 Speaker 2: down South, and we know that they can they can 115 00:06:12,920 --> 00:06:15,360 Speaker 2: come back again and we will certainly be activating all 116 00:06:15,400 --> 00:06:19,440 Speaker 2: of those links. We also need to enhance work with 117 00:06:19,520 --> 00:06:22,240 Speaker 2: governments to try and bring in more people from here, 118 00:06:22,279 --> 00:06:24,400 Speaker 2: from overseas, from in a place by the philip and 119 00:06:24,520 --> 00:06:30,120 Speaker 2: India which have the appropriate skills and and and cultural links. 120 00:06:31,200 --> 00:06:34,720 Speaker 2: And we need to find ways that we can work 121 00:06:34,720 --> 00:06:37,240 Speaker 2: with the Tectic government also the federal government to have 122 00:06:38,160 --> 00:06:42,000 Speaker 2: more I guess a more place based arrangements for things 123 00:06:42,000 --> 00:06:44,000 Speaker 2: like inward migration so that we can bring people in 124 00:06:44,160 --> 00:06:48,919 Speaker 2: quicker and with less red tape. And those of those 125 00:06:48,960 --> 00:06:52,800 Speaker 2: projects that sort of advocacy were certainly have been working 126 00:06:52,800 --> 00:06:54,960 Speaker 2: on and continue to work on. And we also need 127 00:06:55,000 --> 00:06:56,719 Speaker 2: to make sure that we have the pactly to train 128 00:06:56,839 --> 00:06:59,839 Speaker 2: people in the territory, the vocational skills of the industry 129 00:07:00,080 --> 00:07:04,640 Speaker 2: needs in an effect and efficient way, and that that 130 00:07:05,040 --> 00:07:05,760 Speaker 2: is industry led. 131 00:07:06,040 --> 00:07:08,239 Speaker 1: And I know one of the questions that we get 132 00:07:08,279 --> 00:07:11,200 Speaker 1: asked all the time is where are they going to leave? 133 00:07:13,080 --> 00:07:17,760 Speaker 2: Yes, absolutely, so there's issues of temporary accommodation, the complete 134 00:07:18,240 --> 00:07:20,360 Speaker 2: shortage of that, and then obviously there's the issue of 135 00:07:20,800 --> 00:07:24,320 Speaker 2: longer term housing and it's certainly an issue and a 136 00:07:24,440 --> 00:07:26,400 Speaker 2: challenge to government as well aware of and they are 137 00:07:27,800 --> 00:07:31,120 Speaker 2: making moves to respond. I mean the issue is we've 138 00:07:31,160 --> 00:07:34,720 Speaker 2: had more boat leaves. We want to see this pipeline 139 00:07:34,720 --> 00:07:37,320 Speaker 2: of defense work take an advantage of so that it 140 00:07:37,320 --> 00:07:42,800 Speaker 2: can create a stronger economy that sustained over over decades 141 00:07:43,240 --> 00:07:45,720 Speaker 2: rather than just a temporary sugar And so one of 142 00:07:45,760 --> 00:07:48,920 Speaker 2: the things that are bringing people from over thirty for instance, 143 00:07:48,960 --> 00:07:50,880 Speaker 2: and younger people from bound South is they should have 144 00:07:50,920 --> 00:07:54,240 Speaker 2: the opportunity to get into an affordable home, have entry 145 00:07:54,280 --> 00:07:57,200 Speaker 2: level housing so they can get a stake in dar on, 146 00:07:57,440 --> 00:07:59,800 Speaker 2: a stake in the territory and that will help them 147 00:07:59,840 --> 00:08:00,960 Speaker 2: to stay. 148 00:08:01,280 --> 00:08:03,640 Speaker 1: And the Chief Minister did touch on yesterday. I mean 149 00:08:03,680 --> 00:08:07,640 Speaker 1: she said that you know that there is various land releases. 150 00:08:07,720 --> 00:08:11,080 Speaker 1: But I guess you know better than most the amount 151 00:08:11,120 --> 00:08:12,640 Speaker 1: of time that it's going to take to get some 152 00:08:12,680 --> 00:08:15,080 Speaker 1: of those houses if it is a new new Land 153 00:08:15,120 --> 00:08:17,400 Speaker 1: release up and running. I mean, is it going to 154 00:08:17,480 --> 00:08:19,720 Speaker 1: be able to happen fast enough? Because we're talking about 155 00:08:20,080 --> 00:08:25,000 Speaker 1: between now and twenty twenty seven, seven six hundred jobs. 156 00:08:25,080 --> 00:08:27,040 Speaker 1: I know some of those are obviously already going to 157 00:08:27,080 --> 00:08:28,560 Speaker 1: be here, but it's a massive number. 158 00:08:29,520 --> 00:08:31,120 Speaker 2: It is a magic number, and there's going to be 159 00:08:31,160 --> 00:08:33,880 Speaker 2: and we're going to have to tackle that challenge. There's 160 00:08:33,920 --> 00:08:35,920 Speaker 2: no two ways about that. There will be obviously we 161 00:08:35,960 --> 00:08:37,880 Speaker 2: can't avoid a five pro element of that, but we 162 00:08:37,960 --> 00:08:41,840 Speaker 2: need to as a territory community, we need to be 163 00:08:41,960 --> 00:08:45,400 Speaker 2: focused on trying to tackle this problem so that we 164 00:08:45,440 --> 00:08:49,240 Speaker 2: can actually build a larger and more sustained economy and 165 00:08:49,280 --> 00:08:52,520 Speaker 2: a stronger economy because that will create opportunities for territorians 166 00:08:52,520 --> 00:08:56,120 Speaker 2: going forward. And we need to understand that challenge as 167 00:08:56,160 --> 00:08:59,880 Speaker 2: a territory so we can we can do what needs 168 00:08:59,920 --> 00:09:01,640 Speaker 2: to be done a company with the bold strategies and 169 00:09:01,640 --> 00:09:04,680 Speaker 2: policies to actually respond. And so you answer your question, 170 00:09:04,720 --> 00:09:07,600 Speaker 2: there needs to be some very very quick action taken 171 00:09:07,679 --> 00:09:11,719 Speaker 2: on temporary commodations particularly in the places like Catherine, that 172 00:09:12,240 --> 00:09:14,600 Speaker 2: is needed, but there also needs to be starting now, 173 00:09:14,679 --> 00:09:19,840 Speaker 2: so really urgent action taken to kick start those the 174 00:09:19,880 --> 00:09:23,720 Speaker 2: activation of those land religions into shove already blocks and lots. 175 00:09:23,880 --> 00:09:25,480 Speaker 1: When you look at you know what some of the 176 00:09:25,679 --> 00:09:30,040 Speaker 1: quick action might be for temporary accommodation, what like what 177 00:09:30,240 --> 00:09:32,680 Speaker 1: do you foresee that the government could actually do to 178 00:09:32,720 --> 00:09:35,000 Speaker 1: make sure, like you've said, there in places like Catherine, 179 00:09:35,000 --> 00:09:36,840 Speaker 1: that there is somewhere for the workforce to live. 180 00:09:38,040 --> 00:09:39,760 Speaker 2: Well, there's some there's a range of things we have 181 00:09:39,840 --> 00:09:41,480 Speaker 2: to come up with. But one of the things they 182 00:09:41,520 --> 00:09:45,640 Speaker 2: could be doing is thinking about planning planning changes to 183 00:09:45,760 --> 00:09:49,640 Speaker 2: it to allow temporary work camps and things like that. 184 00:09:49,760 --> 00:09:52,240 Speaker 2: So there are there are a range of issues. I 185 00:09:52,280 --> 00:09:55,559 Speaker 2: know the government usually can anthem. The government is very 186 00:09:55,720 --> 00:09:58,720 Speaker 2: very committed to doing this since the since the really 187 00:09:58,720 --> 00:10:02,240 Speaker 2: outstanding trip by the Chief Finishes of the United States. Uh, 188 00:10:02,360 --> 00:10:06,439 Speaker 2: they've been very very committed to taking an attaction and 189 00:10:06,760 --> 00:10:08,480 Speaker 2: I know that they are looking away doing it. But 190 00:10:08,520 --> 00:10:10,839 Speaker 2: we need to speed things up. And in terms of 191 00:10:10,840 --> 00:10:14,720 Speaker 2: the temporary commodation, its lust back in the planning changes. 192 00:10:14,920 --> 00:10:15,040 Speaker 1: Uh. 193 00:10:15,160 --> 00:10:16,440 Speaker 2: There is one thing that we can do. 194 00:10:16,720 --> 00:10:19,520 Speaker 1: Just Touching on what you said there was an outstanding 195 00:10:19,520 --> 00:10:21,360 Speaker 1: trip by the Chief Minister. Why do you think it 196 00:10:21,400 --> 00:10:23,040 Speaker 1: was outstanding because I know that there was a lot 197 00:10:23,080 --> 00:10:25,640 Speaker 1: of people who are mortified by how much it costs. 198 00:10:26,800 --> 00:10:28,560 Speaker 2: Well, I think you have to put people have to 199 00:10:28,559 --> 00:10:31,560 Speaker 2: put it in perspective. Every other state and territory has 200 00:10:32,360 --> 00:10:37,440 Speaker 2: full time teams of people trade officers and commissioners based 201 00:10:37,440 --> 00:10:41,040 Speaker 2: in lust, Washington and New York. They're there full time. 202 00:10:41,160 --> 00:10:43,720 Speaker 2: They're paid to stay there, their accommodation is paid for 203 00:10:43,800 --> 00:10:47,040 Speaker 2: the officers there. This is Western Australia and South Australia 204 00:10:47,120 --> 00:10:49,920 Speaker 2: and Queensland and Victoria. It costs those governments and those 205 00:10:49,960 --> 00:10:52,720 Speaker 2: taxpayers means his dolls. They keep doing that because obviously 206 00:10:52,800 --> 00:10:55,680 Speaker 2: it pays dividends for their economy and therefore their community 207 00:10:55,760 --> 00:10:59,280 Speaker 2: stands of living. We have we have a we have 208 00:10:59,280 --> 00:11:01,760 Speaker 2: a Chief minister's on a trip to cost fifty thousand dollars, 209 00:11:01,760 --> 00:11:04,640 Speaker 2: which may seem a lot, but by comparison, it's to 210 00:11:04,760 --> 00:11:08,800 Speaker 2: drop in a bucket. And we know that there's billions 211 00:11:08,840 --> 00:11:11,960 Speaker 2: of dollars coming from the US of the six billion 212 00:11:12,000 --> 00:11:13,760 Speaker 2: that's coming in the next five years. Two of that 213 00:11:14,280 --> 00:11:17,280 Speaker 2: roughly or tween one and two of that will be 214 00:11:17,440 --> 00:11:20,200 Speaker 2: US money, and we fully anticipate that there will be 215 00:11:20,240 --> 00:11:21,440 Speaker 2: more coming from the US military. 216 00:11:21,559 --> 00:11:23,160 Speaker 1: So by the sounds of thing, you do think it 217 00:11:23,280 --> 00:11:24,199 Speaker 1: was money well spent. 218 00:11:25,040 --> 00:11:29,280 Speaker 2: Absolutely absolutely. And it's not just about this government, it's 219 00:11:29,320 --> 00:11:31,960 Speaker 2: about any government in the future. If there was a 220 00:11:32,000 --> 00:11:34,200 Speaker 2: new territory government after the next election, we would be 221 00:11:34,240 --> 00:11:37,960 Speaker 2: fully expecting them to be going and doing the similar things, 222 00:11:38,000 --> 00:11:41,160 Speaker 2: to stand up for to represent the territory, and to 223 00:11:41,280 --> 00:11:44,160 Speaker 2: engage with decision makers who are going to be making 224 00:11:44,200 --> 00:11:48,520 Speaker 2: decisions that are important for the territory business and territory climbing. 225 00:11:48,720 --> 00:11:50,720 Speaker 1: Hey, Ben, before I let you go, I know that 226 00:11:50,760 --> 00:11:53,040 Speaker 1: some of this work is already underway, like you said, 227 00:11:53,440 --> 00:11:57,600 Speaker 1: you know, the workout at the airport and that kind 228 00:11:57,640 --> 00:11:59,880 Speaker 1: of thing. But when are we expecting this work to 229 00:12:00,040 --> 00:12:01,319 Speaker 1: sort of really kick off. 230 00:12:02,520 --> 00:12:06,480 Speaker 2: Next year we'll see a real a real surgeon in 231 00:12:06,600 --> 00:12:08,800 Speaker 2: twenty twenty five, there will be there'll be a particular 232 00:12:08,840 --> 00:12:12,119 Speaker 2: surch I mean to give some perspective of this, Katie. 233 00:12:12,679 --> 00:12:16,640 Speaker 2: Our report shows that it has the potential to boost 234 00:12:16,679 --> 00:12:20,760 Speaker 2: economic growth in the territory by nearly five percent. Any 235 00:12:20,760 --> 00:12:25,000 Speaker 2: other jurisdiction in this country or anywhere overseas. You said them, 236 00:12:25,000 --> 00:12:28,520 Speaker 2: can we increase our our growth roast day products with 237 00:12:28,600 --> 00:12:31,560 Speaker 2: THREDP by five percent? They will be falling over themselves 238 00:12:31,559 --> 00:12:35,119 Speaker 2: to get into that. This is going to be potentially 239 00:12:35,120 --> 00:12:38,120 Speaker 2: an extraordinary boost to the territory economy. And it's a 240 00:12:38,160 --> 00:12:43,120 Speaker 2: huge opportunity that's into reports being funded by industry. It's 241 00:12:43,160 --> 00:12:47,280 Speaker 2: not a government report, yep, it's not government funded. Our 242 00:12:47,320 --> 00:12:51,240 Speaker 2: members have funded it and it's a it's a really 243 00:12:51,240 --> 00:12:53,520 Speaker 2: good opportunity for people to get the detail of what's 244 00:12:53,559 --> 00:12:56,160 Speaker 2: coming and to understand the opportunity well. 245 00:12:56,200 --> 00:12:59,760 Speaker 1: Master Builder CEO Ben Carter, I really appreciate your time 246 00:12:59,760 --> 00:13:01,839 Speaker 1: this warning. Thanks so much for having a chat with this. 247 00:13:02,800 --> 00:13:04,800 Speaker 2: Thanks Cattie great as always, thank you