In light of the recent announcement from Quintis to enter voluntary administration, the Northern Territory Government will review their status under the Major Project Status policy.

Major Project Status may be reviewed by the NT Government in certain circumstances, including the project proponent entering into receivership, administration or liquidation. Voluntary administration will enable the resolution of the financial issues of Quintis, resulting in either the recapitalisation of the company or its winding up and sale.

In relation to the groundwater extraction licences associated with Quintis, where properties are transferred - be it through liquidation of a company, a sale or any other means - licences are deemed to transfer to that entity under the provisions of the Northern Territory Water Act.

 Any operational changes including staffing will be a key decision for administrators and receivers and the department will work with relevant parties to minimise any impact on jobs.

Contact: Lisa Dunbar  0437 844 365