A transaction is not subject to the Governance Framework if it:
• is a real property transaction unless as part of a more complex refinancing (including structured financing of portfolios) or a public-private ownership proposal; or
• results from an unsolicited proposal being progressed in accordance with the Guide for Submission and Assessment of Unsolicited Proposals; or
• only involves government investment in the procurement or purchase of services from third-parties.
Proposals resulting from the Premier's Innovation Initiative will be assessed according to the Guidelines developed by DPC. Should a major transaction arise for implementation, it will be subject to the Governance Framework unless the Secretary of DPC grants a special exemption.
If an agency is unclear whether its transaction is subject to the Governance Framework, it should seek clarification from NSW Treasury. NSW Treasury can also direct agencies to other relevant information.