1 00:00:00,000 --> 00:00:02,800 Speaker 1: Now, five dollars a week is certainly my understanding. That's 2 00:00:02,840 --> 00:00:06,720 Speaker 1: what's been reported largely and widely when we talk about 3 00:00:06,760 --> 00:00:10,280 Speaker 1: the when we talk about those tax cuts, I mean 4 00:00:10,600 --> 00:00:12,200 Speaker 1: from what I've got in front of me right now, 5 00:00:12,200 --> 00:00:16,320 Speaker 1: the info I've got in front of me, it is seven. Sorry, 6 00:00:16,360 --> 00:00:18,840 Speaker 1: So we're literally going to go to a point where 7 00:00:18,840 --> 00:00:24,920 Speaker 1: we're seventeen billion dollar tax cut package. Now that's being 8 00:00:24,960 --> 00:00:27,680 Speaker 1: sold obviously as a centerpiece of the government's cost of 9 00:00:27,720 --> 00:00:31,920 Speaker 1: living relief plan, but for millions of working Australians it 10 00:00:32,080 --> 00:00:35,840 Speaker 1: is only going to amount to about five dollars a week. Now, 11 00:00:36,240 --> 00:00:38,879 Speaker 1: the federal minister saying fifty dollars a week is what 12 00:00:38,920 --> 00:00:42,120 Speaker 1: she's got in front of her, I don't know how 13 00:00:42,159 --> 00:00:44,120 Speaker 1: exactly that breaks down. The only thing that I can 14 00:00:44,159 --> 00:00:47,240 Speaker 1: sort of wrap my head around is whether the government 15 00:00:47,840 --> 00:00:50,800 Speaker 1: is sort of going off all the other announcements that 16 00:00:50,800 --> 00:00:55,800 Speaker 1: they've made prior that could be cost saving measures and 17 00:00:55,840 --> 00:00:58,800 Speaker 1: then adding that five to it. I don't know anyway, 18 00:00:58,840 --> 00:01:01,240 Speaker 1: Maybe the Northern Territory treasure Er Bill Yan's got a 19 00:01:01,280 --> 00:01:01,840 Speaker 1: better idea. 20 00:01:01,880 --> 00:01:05,240 Speaker 2: Good morning to you, Bill, Good Morningding, Good morning to 21 00:01:05,319 --> 00:01:05,640 Speaker 2: er on. 22 00:01:05,560 --> 00:01:07,560 Speaker 1: The top end, Bill, do you have much of an 23 00:01:07,640 --> 00:01:09,600 Speaker 1: idea of just how much we're going to save a 24 00:01:09,640 --> 00:01:12,000 Speaker 1: week on this seventeen billion dollar tax cuts. 25 00:01:12,920 --> 00:01:15,839 Speaker 2: I think I'm just as confused as you and everybody 26 00:01:15,840 --> 00:01:18,959 Speaker 2: else in the territory's dated, but my understanding it's a 27 00:01:19,040 --> 00:01:23,080 Speaker 2: five bucks and with the cost of living pressures, apparently 28 00:01:23,160 --> 00:01:25,199 Speaker 2: coffee is going up, so it's might about the seven 29 00:01:25,240 --> 00:01:27,880 Speaker 2: bucks a cup, So your five bucks isn't even going 30 00:01:27,920 --> 00:01:28,840 Speaker 2: to buy you a cup of coffee. 31 00:01:28,880 --> 00:01:30,360 Speaker 1: Well, this is you know, this is the thing right 32 00:01:30,400 --> 00:01:33,360 Speaker 1: around Australia. The news headlines right around Australia. You know, 33 00:01:33,400 --> 00:01:36,360 Speaker 1: I've seen some of those, some of those headlines and 34 00:01:36,440 --> 00:01:40,640 Speaker 1: make happy meal Jim, you know, and that's how much 35 00:01:40,720 --> 00:01:42,520 Speaker 1: or what you'll be able to buy a week with 36 00:01:42,600 --> 00:01:46,640 Speaker 1: the cost of living savings measures, Others saying, you. 37 00:01:46,600 --> 00:01:48,520 Speaker 3: Know, you'll be able to buy yourself a coffee. 38 00:01:48,560 --> 00:01:51,880 Speaker 1: So there is no doubt that a lot of people 39 00:01:51,920 --> 00:01:55,720 Speaker 1: are feeling as though what has been announced simply isn't 40 00:01:55,920 --> 00:01:59,160 Speaker 1: enough to deal with the cost of living issues that 41 00:01:59,200 --> 00:02:02,840 Speaker 1: we are facing right around Australia, but particularly in a 42 00:02:02,840 --> 00:02:04,400 Speaker 1: place like the Northern Territory. 43 00:02:05,640 --> 00:02:09,320 Speaker 2: Yeah, absolutely, Katie. And when you look at the federal 44 00:02:09,360 --> 00:02:11,760 Speaker 2: bugs budget that's been handed down, and it's certainly a 45 00:02:11,760 --> 00:02:13,960 Speaker 2: bit of a slap in the face for us here 46 00:02:13,960 --> 00:02:17,480 Speaker 2: in the territory. And I suppose to put in perspective, 47 00:02:18,120 --> 00:02:20,000 Speaker 2: and I know you're a Queenslander, and I'm going to 48 00:02:20,040 --> 00:02:22,160 Speaker 2: have a bit of a poker at the banana benders. 49 00:02:22,200 --> 00:02:26,520 Speaker 2: But the federal government announced seven point two billion dollars 50 00:02:26,880 --> 00:02:29,760 Speaker 2: to make safe and do upgrades to the Bruce Highway. Well, 51 00:02:30,160 --> 00:02:33,600 Speaker 2: they're giving the entire territory seven point one billion dollars 52 00:02:33,800 --> 00:02:37,959 Speaker 2: to run the entire place. Yeah, so that's that's that's 53 00:02:37,960 --> 00:02:39,519 Speaker 2: certainly a bit of a slap in the phase for 54 00:02:39,960 --> 00:02:41,560 Speaker 2: us here in the territory. And out of that seven 55 00:02:41,600 --> 00:02:44,639 Speaker 2: point one there's two point five. With that that's tide punning, 56 00:02:44,639 --> 00:02:47,120 Speaker 2: which I don't have any discretion over. We have to 57 00:02:47,160 --> 00:02:50,200 Speaker 2: spend it, as the federal governments says, we have to 58 00:02:50,200 --> 00:02:52,840 Speaker 2: spend it. So it makes a lot things. 59 00:02:52,720 --> 00:02:54,359 Speaker 3: Really tough from your perspective. 60 00:02:54,680 --> 00:02:59,360 Speaker 1: Is what is new in the Northern territory, Like, what 61 00:02:59,520 --> 00:03:02,120 Speaker 1: is new from the federal budget for the Northern territory. 62 00:03:02,200 --> 00:03:04,720 Speaker 3: Is it just that two hundred million for the. 63 00:03:05,600 --> 00:03:10,000 Speaker 2: Only specific news stuff in this budget? Is that two 64 00:03:10,120 --> 00:03:13,720 Speaker 2: hundred million for the short high between Catherine Daralen and 65 00:03:13,760 --> 00:03:16,040 Speaker 2: out of that two hundred and we have to chip 66 00:03:16,080 --> 00:03:18,600 Speaker 2: in another forty million dollars to get that program off 67 00:03:18,600 --> 00:03:21,560 Speaker 2: the ground. So the federal government made an announcement on 68 00:03:21,600 --> 00:03:26,080 Speaker 2: a program and committed the territory, of course, then to 69 00:03:26,160 --> 00:03:28,680 Speaker 2: an additional forty million dollars on that projecting idea. At 70 00:03:28,680 --> 00:03:30,840 Speaker 2: the moment, Ky, it's forty million dollars that I don't have, 71 00:03:31,480 --> 00:03:35,520 Speaker 2: so we don't have to work through how we can 72 00:03:35,560 --> 00:03:39,760 Speaker 2: deliver that project. Added into the future years, it's another 73 00:03:39,800 --> 00:03:41,839 Speaker 2: forty million bucks all of a sudden that I've got 74 00:03:41,840 --> 00:03:43,680 Speaker 2: to find when I'm trying to produce a budget and 75 00:03:43,720 --> 00:03:45,640 Speaker 2: I'm scripping and saving where i can to make sure 76 00:03:45,720 --> 00:03:50,600 Speaker 2: that we don't blow the debt completely out. And now 77 00:03:50,600 --> 00:03:52,440 Speaker 2: I've got the Fed saying, well, okay, we'll give you 78 00:03:52,480 --> 00:03:54,200 Speaker 2: two undred million, but you've got to stump up another 79 00:03:54,240 --> 00:03:55,840 Speaker 2: forty And look, I. 80 00:03:55,720 --> 00:03:56,600 Speaker 3: Mean the thing is built. 81 00:03:56,640 --> 00:03:56,720 Speaker 2: Like. 82 00:03:56,720 --> 00:03:58,680 Speaker 1: I don't want to be body slamming and all, you know, 83 00:03:58,720 --> 00:04:00,480 Speaker 1: the federal government. I don't want to be having a 84 00:04:00,480 --> 00:04:02,680 Speaker 1: crack and sounding like I'm a winder or sounding like 85 00:04:02,720 --> 00:04:05,600 Speaker 1: we're not grateful because there is money being invested into 86 00:04:05,600 --> 00:04:06,520 Speaker 1: the Northern Territory. 87 00:04:06,560 --> 00:04:09,200 Speaker 3: But like you know, when you look at. 88 00:04:09,120 --> 00:04:11,320 Speaker 1: This year's budget and when you look at what is 89 00:04:11,360 --> 00:04:14,080 Speaker 1: in there for the Northern Territory, I feel like they've 90 00:04:14,160 --> 00:04:17,599 Speaker 1: kind of, you know, not don't care. 91 00:04:17,680 --> 00:04:18,960 Speaker 3: I don't know what the right word is. 92 00:04:20,120 --> 00:04:22,760 Speaker 2: Yeah, Well, we've been speaking to the federal government for 93 00:04:22,839 --> 00:04:24,560 Speaker 2: quite some time, ever since we got in and there's 94 00:04:24,960 --> 00:04:27,360 Speaker 2: some commitments that we need from the Feds to grow 95 00:04:27,839 --> 00:04:30,480 Speaker 2: our economy here. And I've said it and I said 96 00:04:30,480 --> 00:04:33,600 Speaker 2: it this morning again in another press conferences. I don't 97 00:04:33,640 --> 00:04:34,800 Speaker 2: need a hand out, I need a bit of a 98 00:04:34,839 --> 00:04:37,840 Speaker 2: hand up. I need the federal government to be putting 99 00:04:37,839 --> 00:04:41,159 Speaker 2: money into projects that are going to stimulate our economy 100 00:04:41,200 --> 00:04:45,600 Speaker 2: instimulate private sector investments. So defense is one. We've seen 101 00:04:45,640 --> 00:04:49,040 Speaker 2: no announcements for additional defense spending here on the top end. 102 00:04:49,440 --> 00:04:52,680 Speaker 2: And we've got those infrastructure projects Middle Arm and the 103 00:04:52,760 --> 00:04:56,760 Speaker 2: infrastructure corals and infrastructure hubs, Tenant Creek and Catherine. Now, 104 00:04:57,800 --> 00:04:59,839 Speaker 2: the federal government got that money tied up in equ 105 00:05:00,200 --> 00:05:02,520 Speaker 2: which rains it's not actual cash. You know, I haven't 106 00:05:02,680 --> 00:05:05,080 Speaker 2: it's really really difficult to get them to releasing that 107 00:05:05,200 --> 00:05:07,960 Speaker 2: cash to start delivering those projects so that we can 108 00:05:08,000 --> 00:05:10,680 Speaker 2: get Budloo moving, at middle A moving and a number 109 00:05:10,720 --> 00:05:13,280 Speaker 2: of other things. So there was no commitment in that 110 00:05:13,320 --> 00:05:16,479 Speaker 2: federal budget to release some of that equity funding is 111 00:05:16,680 --> 00:05:19,640 Speaker 2: into cash so we can get these things moving because 112 00:05:19,680 --> 00:05:22,320 Speaker 2: we need that. We know from the Day and Major 113 00:05:22,360 --> 00:05:26,360 Speaker 2: Business Groups Forum last week that private sector investment is 114 00:05:26,400 --> 00:05:28,559 Speaker 2: what's going to pull the territory out of the current 115 00:05:28,600 --> 00:05:32,040 Speaker 2: financial crisis it sees itself in. But we need we 116 00:05:32,080 --> 00:05:33,920 Speaker 2: need some help from the federal government to do that. 117 00:05:34,040 --> 00:05:36,800 Speaker 1: Mate. I don't know whether you heard the federal minister 118 00:05:36,880 --> 00:05:38,599 Speaker 1: on the show just a short time ago, the Minister 119 00:05:38,640 --> 00:05:41,960 Speaker 1: for Northern Australia, Madeline King, I certainly did ask you know, 120 00:05:42,000 --> 00:05:44,039 Speaker 1: what's in the budget for the Northern Territory and she 121 00:05:44,120 --> 00:05:48,000 Speaker 1: went through, you know, everything that has been promised over 122 00:05:48,040 --> 00:05:49,960 Speaker 1: the last number of years, like you've just you know, 123 00:05:50,120 --> 00:05:52,480 Speaker 1: like you have just touched on. But when I sort 124 00:05:52,520 --> 00:05:54,640 Speaker 1: of tried to ask us some further questions about what's 125 00:05:54,640 --> 00:05:56,600 Speaker 1: in it, you know, for the Northern Territory this year, 126 00:05:56,640 --> 00:05:58,919 Speaker 1: as we've also touched on that two hundred million for 127 00:05:58,920 --> 00:06:01,920 Speaker 1: the Stuart Highway, well you know, she sort of didn't 128 00:06:01,920 --> 00:06:04,719 Speaker 1: want to or didn't go into that level of detail 129 00:06:05,800 --> 00:06:11,440 Speaker 1: from your perspective as the Northern Territory treasurer. I mean, 130 00:06:11,480 --> 00:06:13,960 Speaker 1: are you are you feeling a bit let down by 131 00:06:13,960 --> 00:06:15,320 Speaker 1: the federal government today? 132 00:06:16,360 --> 00:06:16,640 Speaker 3: Oh? 133 00:06:16,680 --> 00:06:19,600 Speaker 2: Absolutely, Cat, I'm really disappointed. I think everybody in the 134 00:06:19,680 --> 00:06:23,599 Speaker 2: territory should feel extremely disappointed. And what really sad me 135 00:06:23,640 --> 00:06:27,440 Speaker 2: today is we had Melanerie McCarthy come out and make 136 00:06:27,640 --> 00:06:31,160 Speaker 2: veiled threats because we were criticizing the federal government about 137 00:06:31,160 --> 00:06:33,800 Speaker 2: the budget saying what do you watch or she said 138 00:06:33,800 --> 00:06:37,280 Speaker 2: we should watch our language or they might reduce their funding. Well, 139 00:06:37,320 --> 00:06:40,840 Speaker 2: I'm not going to make any excuses or apologize for 140 00:06:40,920 --> 00:06:44,000 Speaker 2: standing up for territories and standing up for what we 141 00:06:44,080 --> 00:06:47,159 Speaker 2: want and what we need to the federal government. The 142 00:06:47,200 --> 00:06:49,760 Speaker 2: stuff that she said this morning is absolutely appalling. Katie. 143 00:06:49,839 --> 00:06:53,640 Speaker 2: So we've got three we've got three federal labor members 144 00:06:53,680 --> 00:06:56,600 Speaker 2: in that government down there. What have they been doing 145 00:06:56,640 --> 00:06:59,160 Speaker 2: for us? That's the question I sort of asked, because 146 00:06:59,240 --> 00:07:02,720 Speaker 2: we've got very little out of this budget two hundred 147 00:07:02,760 --> 00:07:06,400 Speaker 2: million dollars additional on top of effective what is maintenance money? 148 00:07:07,240 --> 00:07:08,719 Speaker 2: What have they been doing for us at the end 149 00:07:08,720 --> 00:07:09,320 Speaker 2: of the day. 150 00:07:09,400 --> 00:07:12,880 Speaker 1: Bill in terms of the tax cuts, what do you think? 151 00:07:13,360 --> 00:07:14,880 Speaker 1: What do you make of some of the cost of 152 00:07:14,920 --> 00:07:17,160 Speaker 1: living measures that have been announced. 153 00:07:17,200 --> 00:07:19,280 Speaker 3: Do you think that they're going to help territories. 154 00:07:20,320 --> 00:07:23,800 Speaker 2: Well, we've seen there's the tax cuts, which we still 155 00:07:23,840 --> 00:07:25,800 Speaker 2: don't know exactly how much that's going to be, but 156 00:07:26,040 --> 00:07:29,120 Speaker 2: it's been reported by everybody it's about five bucks. Look, 157 00:07:29,120 --> 00:07:32,520 Speaker 2: the federal government have put up some money for another 158 00:07:32,600 --> 00:07:36,400 Speaker 2: six months of those energy subsidies, but that disappears in 159 00:07:36,480 --> 00:07:38,560 Speaker 2: six months, so that's going to hit people in the 160 00:07:38,560 --> 00:07:42,679 Speaker 2: pocket coming into Christmas unless they can find another twenty 161 00:07:42,840 --> 00:07:46,800 Speaker 2: plus billion dollars to keep those going. We've done some 162 00:07:46,840 --> 00:07:50,080 Speaker 2: fairly tangible things here in the territory ourselves, which was 163 00:07:50,880 --> 00:07:53,440 Speaker 2: the free licenses for one year. We actually put a 164 00:07:53,600 --> 00:07:56,800 Speaker 2: freeze on vehicle regios. That the things that sort of 165 00:07:56,840 --> 00:07:59,880 Speaker 2: matter to people there are small things, but actually they 166 00:08:00,080 --> 00:08:02,760 Speaker 2: all add up, so they actually provide that little bit 167 00:08:02,800 --> 00:08:07,320 Speaker 2: of relief to people in territory. The power the power 168 00:08:07,360 --> 00:08:10,800 Speaker 2: subjects will help us, but only for six months. And 169 00:08:10,840 --> 00:08:13,360 Speaker 2: what's going to happen after that six months. No, of 170 00:08:13,360 --> 00:08:18,400 Speaker 2: course nobody knows. So the tax cuts a minimal. We'll 171 00:08:18,440 --> 00:08:20,760 Speaker 2: see that power substy but I don't see much else 172 00:08:20,800 --> 00:08:23,240 Speaker 2: on the horizon for us up here as far as 173 00:08:23,280 --> 00:08:26,480 Speaker 2: cost of living benefits to territories bill. 174 00:08:26,560 --> 00:08:29,800 Speaker 1: When you look at, you know, the infrastructure spend. 175 00:08:29,840 --> 00:08:31,320 Speaker 3: We've spoken at lengths. 176 00:08:31,040 --> 00:08:33,680 Speaker 1: About, you know, the way that we feel we haven't 177 00:08:33,720 --> 00:08:37,439 Speaker 1: received as much as we might like. I mean, I'll 178 00:08:37,480 --> 00:08:39,480 Speaker 1: be very blunt about it. Are you being a bit 179 00:08:39,480 --> 00:08:41,240 Speaker 1: of a winger? Given the fact that we've got a 180 00:08:41,240 --> 00:08:44,240 Speaker 1: massive GST increase? Am I being a bit of a winger? 181 00:08:44,280 --> 00:08:45,040 Speaker 1: I mean, I don't know. 182 00:08:46,400 --> 00:08:49,840 Speaker 2: Well, the thing is, the GST increase doesn't effectively come 183 00:08:49,880 --> 00:08:53,680 Speaker 2: from the budget. Our GST increases due to relatively and 184 00:08:53,679 --> 00:08:56,880 Speaker 2: that's done by the Federal Grants body, So they look 185 00:08:56,920 --> 00:08:59,880 Speaker 2: at our GST relatively and we've got a little uptick 186 00:08:59,920 --> 00:09:04,079 Speaker 2: in jere which is great, But again it's that maintenance money. 187 00:09:04,080 --> 00:09:06,839 Speaker 2: We need, that real investment from the federal government if 188 00:09:06,880 --> 00:09:09,800 Speaker 2: we're to pull ourselves out of the financial hole that 189 00:09:09,840 --> 00:09:13,960 Speaker 2: we're in now. The infrastructure stuff is great, but I've 190 00:09:14,000 --> 00:09:16,480 Speaker 2: been banging on about it all week for a couple 191 00:09:16,520 --> 00:09:18,440 Speaker 2: of weeks. I'll be banging on about it in Parliament 192 00:09:18,440 --> 00:09:21,400 Speaker 2: again today. We've seen the previous governed had a five 193 00:09:21,600 --> 00:09:27,280 Speaker 2: billion dollar infrastructure program. They spent one point two billion 194 00:09:27,320 --> 00:09:31,000 Speaker 2: dollars this financial year that we're dealing with now. But 195 00:09:31,040 --> 00:09:33,920 Speaker 2: they only put three hundred and thirty million dollars into 196 00:09:33,960 --> 00:09:37,800 Speaker 2: that infrastructure budget forward next for next year. So that's 197 00:09:37,880 --> 00:09:41,400 Speaker 2: like the nine hundred million dollars short for in the 198 00:09:41,400 --> 00:09:44,640 Speaker 2: infrastructure program. So where do we find that money, Katie? 199 00:09:45,520 --> 00:09:48,720 Speaker 2: So that's that's stuff that we're going to have to borrow. 200 00:09:49,280 --> 00:09:51,200 Speaker 2: These are projects that are already in play, that are 201 00:09:51,200 --> 00:09:54,920 Speaker 2: already already that we have to pay for that you 202 00:09:55,000 --> 00:09:58,199 Speaker 2: certainly can't stop. So we're going to be borrowing money 203 00:09:58,240 --> 00:10:02,559 Speaker 2: to deliver an infrastructure program that we're talking five billion 204 00:10:02,600 --> 00:10:05,199 Speaker 2: dollars with only three hundred and thirty million dollars allocated 205 00:10:05,240 --> 00:10:07,640 Speaker 2: to deliver. It's just that these are the things that 206 00:10:07,640 --> 00:10:09,760 Speaker 2: we're finding as we work through the budget process. 207 00:10:09,920 --> 00:10:13,640 Speaker 1: Bill, I want to ask you about another topic something 208 00:10:13,640 --> 00:10:15,760 Speaker 1: you and I have spoken about on numerous occasions. 209 00:10:15,800 --> 00:10:18,920 Speaker 3: The port. Will it seem like it's back on the agenda? 210 00:10:19,000 --> 00:10:23,720 Speaker 1: I know Sky News reporting that that Labor MP Luke 211 00:10:23,720 --> 00:10:26,840 Speaker 1: Gosling had said there will be more to say about 212 00:10:26,840 --> 00:10:31,840 Speaker 1: the port returning to Australian hands. The opposition, the federal opposition, 213 00:10:31,920 --> 00:10:34,680 Speaker 1: sees the government needs to act the Shadow Home Affairs 214 00:10:34,760 --> 00:10:38,480 Speaker 1: Minister James Patterson telling Sky News the Northern Territory government's 215 00:10:38,520 --> 00:10:41,959 Speaker 1: decision to lease Darwin Port to Chinese company Lanmdbridge was 216 00:10:42,000 --> 00:10:46,079 Speaker 1: a mistake. Minister, Is there any update on the port 217 00:10:46,160 --> 00:10:47,119 Speaker 1: from your perspective? 218 00:10:48,040 --> 00:10:50,520 Speaker 2: Well, this is this is the thing, Ky, We've just 219 00:10:50,520 --> 00:10:53,520 Speaker 2: seen a federal budget. They've tossed three point two or 220 00:10:53,520 --> 00:10:55,920 Speaker 2: three point six million dollars at the Whale Steel Works. 221 00:10:56,200 --> 00:10:59,199 Speaker 2: There's no mention in that budget anywhere of anything about 222 00:10:59,240 --> 00:11:03,120 Speaker 2: the dam and port. So it seems Louke, the self 223 00:11:03,160 --> 00:11:09,240 Speaker 2: appointed salesman for the port, it wasn't his ideas weren't 224 00:11:09,280 --> 00:11:11,680 Speaker 2: supported in their federal budget. So where does it really 225 00:11:11,720 --> 00:11:14,120 Speaker 2: sitcat you? If they were serious about this, if the 226 00:11:14,160 --> 00:11:17,199 Speaker 2: federal government were serious about the security of the port 227 00:11:17,240 --> 00:11:19,640 Speaker 2: longer term, we would have seen something in the budget 228 00:11:19,640 --> 00:11:20,360 Speaker 2: and it's not there. 229 00:11:20,679 --> 00:11:23,880 Speaker 1: And from your perspective, I mean, does the Northern Territory 230 00:11:23,960 --> 00:11:27,360 Speaker 1: have the capacity or the money here to take that 231 00:11:27,480 --> 00:11:28,079 Speaker 1: port back. 232 00:11:29,400 --> 00:11:32,440 Speaker 2: Well, that's what we spoke to the federal government about 233 00:11:33,000 --> 00:11:35,480 Speaker 2: just last month, and what we've been talking to them 234 00:11:35,800 --> 00:11:38,600 Speaker 2: since November about what the future of the port looks like. 235 00:11:38,800 --> 00:11:42,240 Speaker 2: We know that there's those issues around that the financial 236 00:11:42,280 --> 00:11:46,520 Speaker 2: concerns of Landbridge. That's what kicked these discussions off back 237 00:11:46,520 --> 00:11:49,400 Speaker 2: in November. So we've been working through with the federal 238 00:11:49,480 --> 00:11:52,360 Speaker 2: government with that and that's why we spoke to them 239 00:11:52,440 --> 00:11:56,679 Speaker 2: just last month about the future of the port and 240 00:11:56,760 --> 00:11:58,960 Speaker 2: where does it stand and will they step in and 241 00:11:58,960 --> 00:12:00,920 Speaker 2: help us, And at that point in time, there was 242 00:12:00,920 --> 00:12:04,000 Speaker 2: no support from the federal government to do that. So 243 00:12:04,520 --> 00:12:07,679 Speaker 2: we have live Gosling saying one thing, but his parliamentary 244 00:12:07,840 --> 00:12:11,400 Speaker 2: colleagues and the federal government not backing him in on it. 245 00:12:11,440 --> 00:12:14,559 Speaker 2: So I just I don't know where that stands. I 246 00:12:14,640 --> 00:12:17,640 Speaker 2: don't know why he actually went down that road if 247 00:12:17,679 --> 00:12:19,760 Speaker 2: there was no support from the federal government to actually 248 00:12:19,800 --> 00:12:21,559 Speaker 2: do it. So it seemed like a bit of grand 249 00:12:21,559 --> 00:12:22,160 Speaker 2: standing to me. 250 00:12:22,360 --> 00:12:25,840 Speaker 1: And so from your perspective as the Treasurer of the 251 00:12:25,840 --> 00:12:29,439 Speaker 1: Northern Territory and as the Minister for Infrastructure, there's no 252 00:12:29,920 --> 00:12:33,920 Speaker 1: there is no capacity here like Lambridge have not done 253 00:12:33,960 --> 00:12:38,760 Speaker 1: anything to break their lease. They've not you know, yeah, 254 00:12:38,800 --> 00:12:40,800 Speaker 1: there's no reason to take that lease from them. 255 00:12:41,800 --> 00:12:45,679 Speaker 2: Well, no, there were those solvers issues which we're working 256 00:12:45,720 --> 00:12:48,880 Speaker 2: with Lanbridge on to determine. And again we've been working 257 00:12:48,880 --> 00:12:52,280 Speaker 2: with the federal governor to determine where that actually hits 258 00:12:53,280 --> 00:12:57,360 Speaker 2: because there was a breach in payment of a bond, 259 00:12:57,480 --> 00:13:01,320 Speaker 2: so that's what triggered those discussions back in November. That's 260 00:13:01,360 --> 00:13:03,360 Speaker 2: something that we're still working through to see what that 261 00:13:03,640 --> 00:13:06,440 Speaker 2: looks like. It's very hard to determine a course with 262 00:13:06,480 --> 00:13:09,520 Speaker 2: a foreign based company, but that's the work that's happening 263 00:13:09,679 --> 00:13:11,960 Speaker 2: between US and the federal government to determine it and 264 00:13:12,000 --> 00:13:13,360 Speaker 2: then where it sits longer term. 265 00:13:13,720 --> 00:13:17,280 Speaker 1: All right, will Bill Yan, the Northern Territories Treasurer, Minister 266 00:13:17,320 --> 00:13:19,880 Speaker 1: for Infrastructure and other portfolio, is good to speak with 267 00:13:19,920 --> 00:13:23,040 Speaker 1: you this morning. Always appreciate your time and let us 268 00:13:23,080 --> 00:13:24,600 Speaker 1: know if you hear anything else about that. 269 00:13:24,559 --> 00:13:27,240 Speaker 2: Port we'll do kay. Do you have a great day 270 00:13:27,360 --> 00:13:27,720 Speaker 2: you too. 271 00:13:27,800 --> 00:13:28,480 Speaker 3: Thank you.