Timeline of Significant Events

May
2015

Granite Capital Pty Ltd was contracted by the Department of Treasury and Finance, Northern Territory Government to develop and propose a concept for the creation of a self-­sustaining pool of infrastructure capital for the Northern Territory.

July
2015

Granite Capital Pty Ltd presented its report, recommending that the Northern Territory Government take the actions necessary in this report to establish the Northern Territory Infrastructure Development Fund (NTIDF). A copy of this report can be requested by emailing info@ntidf.com.au.

Oct
2015

The Northern Territory Government announces the creation of the NTIDF, using $ 200 million from the sale of the Territory Insurance Office (TIO) as a financial cornerstone of the fund.

Dec
2015

The interim Board of the NTIDF invited suitably qualified organisations with a proven ability to originate and develop infrastructure investment opportunities to submit an “expression of interest” for the role of investment manager for the NTIDF.

Feb
2016

The Northern Territory Government announced that 6 “expressions of interest” had been received for the position of investment manager for the NTIDF.

Apr
2016

The Northern Territory Government announced that Infrastructure Capital Group (ICG) had been selected as the investment manager for the NTIDF.

May
2016

Mr Les Fallick is appointed as the first Chairman of the Board.

Jun
2016

The full Board of the NTIDF is appointed and is comprised of:

  • Les Fallick
    Chairman
  • Bill Moss
    Former head of Macquarie Bank real estate and banking divisions
  • James Paspaley
    Executive Director of Paspaley Pearls
  • Jodie Ryan
    Under-­Treasurer of the Northern Territory Government
  • Mark Burgess
    Former Managing Director of the Future Fund.
Aug
2016

A Northern Territory election resulted in a change of government, with the Australian Labor representative Mr Michael Gunner being sworn in as Chief Minister.

Sep
2016

The new Northern Territory Cabinet, including the Chief Minister, Mr Michael Gunner and the Treasurer, Ms Nicole Manison, confirmed the $200 million investment in the NTIDF