The probity regime under the PV Standard Project Deeds consists of:
• proactive Probity Investigations as to character, integrity and honesty; and
• a regime for the notification and management of 'Probity Events', which is a defined term that includes a number of events including:
- an event that has or may have a material adverse effect on the character, integrity or honesty of a relevant party, on the public interest or public confidence in the Project;
- a failure to achieve or maintain reasonable standards of ethical behaviour or other standards of conduct that would otherwise be expected of a party involved in a State government project; or
- a conflict of interest which has or may have a material adverse effect on the ability to carry out and observe obligations in connection with the Project.
The probity requirements apply to a specifically defined subset of individuals and entities involved in the Project.