In some Partnerships Victoria projects, 'permitted' changes in ownership or control (also known as permitted share dealings) are proposed by a bidder and included in the project deed. The private party or the relevant subcontractor can implement a permitted change in ownership or control without the State's prior consent, but usually is required to give prior notice the State.
The contract director should be diligent in reviewing any proposed or actual permitted change in ownership or control to evaluate whether in fact it meets the requirements of the project deed. If the private party or a key subcontractor proposes or implements a transaction that is similar to, but different from, the permitted change in ownership or control documented in the project deed, the standard process requiring the State's consent should be followed.