3.  Coverage of the policy and guidelines

The policy applies to public infrastructure projects when the estimated value of payments to be made by the Government (and/or by consumers of a service) will exceed $50 million for the assets underpinning the services to be delivered.

The national policy and guidelines and Partnerships Victoria requirements apply to all PPP projects entered into by Victorian budget sector agencies, unless a specific government decision advises that other provisions will apply.

Application of the policy to the provision of infrastructure by a government business enterprise (GBE) shall be determined on a project-by-project basis, following consideration by the portfolio minister of the business plan of the GBE. One variant process is set out in Annexure Nine Non-Metropolitan Urban Water Authority Approval Process.

The Treasurer remains responsible for developing and overseeing the Partnerships Victoria framework. The Treasurer is responsible for Victorian contributions to the national PPP policy and guidelines.

With the assistance of Infrastructure Australia, the Council of Australian Governments (COAG) will monitor, review and from time to time refine the national policy and guidance material. COAG is responsible for approving substantive changes to the national policy and guidelines. Individual jurisdictions are responsible for maintaining and updating their specific jurisdictional requirements, therefore it is likely that this document will be amended from time to time.