If Project Co is entitled or required to submit a Change Notice to the State, including in respect of a Change Compensation Event, Project Co must submit that Change Notice in accordance with the requirements set out in the Change Compensation Principles. The form of Change Notice that must be submitted is set out in Annexure A of the Change Compensation Principles. It is a condition precedent to compensation that the Change Notice (and any updated Change Notice (if applicable)) is submitted within the timeframes set out in the Change Compensation Principles (see section 2.62).

To ensure that any Change Compensation Event is managed efficiently, once a Change Notice has been submitted, the parties must meet to discuss the Change Notice and may agree on how certain issues in respect of the Change Compensation Event, including updating Change Notices and issuing of Change Responses, are managed.

The Reviewing Party (being the party that is required to respond to a Change Notice, which in most cases will be the State or the Independent Reviewer) must issue a Change Response to Project Co in accordance with the requirements of the Change Compensation Principles (or clause 35 if the subject of the Change Notice and Change Response is a State Initiated Modification).