Duration of major project status
Major project status is granted for a term of three years. A proponent may, at any time six months prior to the completion of the term, apply for an extension of up to three years. In considering this application for extension the NT Government will take account of the proponent’s progress towards project milestones.
Notwithstanding the three year term, major project status may be revoked and the project facilitation agreement terminated by the NT Government in certain circumstances including:
- continual failure by the proponent to achieve agreed milestones and deliverables
- substantial non-compliance with relevant regulatory requirements, authorisations, licences, permits, or
- the project proponent entering into receivership, administration or liquidation.
The project proponent may revoke its major project status and / or terminate the PFA by written notice to the NT Government.
Last updated: 26 June 2019
Share this page:URL copied!