Federal Labor would set up a special economic zone in northern Australia if re-elected, Prime Minister Kevin Rudd says.
Mr Rudd says companies based in the Northern Territory would have a lower corporate tax rate, simplified investment rules and streamlined regulation.
"My personal objective for the Territory is it would be great to have a company tax rate here one-third lower than that of rest of the country," Mr Rudd told reporters in Darwin.
The new tax rate would kick in by 2018.
Mr Rudd said the constitution allowed for the NT to have a different tax regime to other states and territories.
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