Appendix A

Risk category

Risks

Responsibility/Role

Finance

Securing finance
Maintaining finance (including changes to loan conditions)
Interest rate and tax amendments
Tax rulings
Price escalation in capital components

Risks mostly borne by public sector

Design and development

Design suitability 
Development problems 
Testing problems
Design and development variations 
Delivery of design

Shared risks.

Construction

Fixed time and cost to complete 
Delivery schedule 
Planning approvals 
Environmental issues 
Disruption to existing services 
Site preparation 
Transport of assets to site 
Design and construction variations 
Industrial disputes

Risks mostly borne by private sector

Operation

Asset/service performance
Asset/service availability
Repairs and maintenance cost variations
Security
Staff training
Change to Defence requirements
Cost of keeping existing assets operational
Latent defects in existing assets
Changes in demand
Third-party revenue

Shared risks.

Ownership

Uninsurable loss or damage to the assets 
Technology chance or obsolescence
Federal and state legislation/regulation changes
Public/third-party liabilities
Realisation of the residual value of assets

Risks mostly borne by the public