For drivers on Northern Territory roads, the days of hitting the accelerator and forgetting the speedometer are over.

Clare Martin's Labor government today announced it would introduce a 110kph speed limit on all open roads, following the release of damning statistics by an expert taskforce.

The NT is the only place in Australia, and one of the few places left in the world, which has no speed limits and no demerit points, introduced in most Australian states in 1969.

But now the territory will toe the line.

Along with speed limits, the government will introduce a demerit system, heftier fines, a gradual roll-out of red light cameras and a greater police presence.

(Article continues...)