In addition to the above public disclosure requirements, a Project Summary (formerly known as Contract Summary) should be publicly released within 90 days of the contract becoming effective. The Responsible Agency must approve the release of the Project Summary. Project Summaries are to be placed on the NSW Treasury PPP website.
Project Directors of the Responsible Agency are required to prepare the Project Summary with the assistance of legal, technical or other experts, and NSW Treasury. Where components of the Project Summary reflect or summarise the Project Contracts, a legal expert must either author these components or declare that they are correct. Notwithstanding this requirement, the information provided in these Project Summaries does not have any independent legal status.
Responsible Agencies are to update Project Summaries if material changes are made to the Project Contracts that significantly change the information provided or the implications of the information provided in the Project Summary, particularly if that information cannot be easily found elsewhere.
In updating a Project Summary, Responsible Agencies should follow the same processes to prepare, approve and disclose the update as undertaken for the original Project Summary. In certain cases, it may be more appropriate to prepare a stand-alone addendum to a Project Summary rather than revising a previous Project Summary. This may be the case, for example, when updating older style Project or Contract Summaries, which are overly detailed relative to current NSW PPP Guidelines requirements.
Private Sector PPP participant ownership changes are disclosed on the NSW Treasury PPP website.