Major transactions are overseen by the Cabinet Standing Committee on Expenditure Review (ERC) on behalf of Cabinet.
An oversight committee is to be established for every major transaction. The oversight committee is responsible for delivering the transaction as well as ensuring that the transaction aligns with the Government's strategic priorities.
The oversight committee is to be chaired by NSW Treasury and is to report to the ERC through the Treasurer and/or the relevant portfolio Minister. The oversight committee is to include appropriately senior representatives (Secretary, Deputy Secretary, Executive Director level, or Director level if approved by the Chair) from DPC and the relevant portfolio agencies. NSW Treasury will provide secretariat functions for the committee, with input from other members as required.