Summary:

The Northern Territory Government’s 2024-25 budget focuses on making the Territory’s workforce more competitive, providing cost of living relief, and supporting women and educational initiatives. Key commitments include significant investments in vocational education and training, subsidies for apprentices and trainees, and support for electric vehicle adoption and renewable energy. The budget also highlights the government’s efforts to attract investment in the renewable hydrogen industry and provide comprehensive support for women in various sectors.

Getting Territory students work ready

The Northern Territory Government is committed to preparing students for the workforce through several initiatives:

  • Apprenticeship and Traineeship travel and accommodation subsidy scheme: Supports apprentices and trainees living more than 50 kilometres from the nearest registered training organisation.
  • Workwear and gear bonus: Provides up to $1,000 to first-year apprentices and trainees for purchasing workwear and equipment.
  • Higher Education Scholarship Program: Offers up to 20 scholarships annually to eligible Year 12 graduates, providing up to $5,000 per year for completing their first undergraduate degree.

Support for schools

The budget allocates $24 million for apprenticeships and traineeships in 2024-25, allowing Territorians to study and earn an income while pursuing qualifications.

Skills and training

A $109.2 million commitment aims to upskill Territorians, supporting employment through workforce development, vocational education, and training. Students can enrol in vocational education and training from Year 9, using it towards the Northern Territory Certificate of Education and Training.

Cost of living

The budget includes several measures to ease the cost of living:

  • Electricity supply maintenance: $149 million to maintain electricity supply at uniform prices below the cost of supply.
  • EV stamp duty Concessions: Up to $1,500 in concessions for new and second-hand battery electric vehicles and plug-in hybrids.
  • Home and Business Battery Scheme: Provides up to $5,000 for the purchase and installation of rooftop solar batteries and inverters.

Women in the NT

Significant funding is allocated to support women in the Territory:

  • Education and training: $24 million for apprenticeships and traineeships, with additional incentives and pastoral care for women.
  • Minister for Equality Scholarships: $65,000 to fund seven scholarships through Charles Darwin University.
  • Stars Foundation Programs: $2.4 million to support mentoring and wellbeing programs for girls in 16 schools.
  • Higher Education Scholarships: Up to 20 scholarships of $5,000 for Year 12 graduates, with a majority awarded to women in 2024.
  • Childcare subsidies: $5.7 million to reduce childcare costs, enabling women to return to work or pursue studies.
  • Study support: $278,000 to support women in fields like construction and engineering.
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