In addition to the above public disclosure requirements, a Project Summary (formerly known as Contract Summary) must be publicly released within 90 days of the contract becoming effective. The Responsible Agency must approve the release of the Project Summary. Project Summaries are to be placed on the NSW Treasury PPP website.
Project Directors of the Responsible Agency are required to prepare the Project Summary with the assistance of legal, technical and/or other experts, and NSW Treasury. Whilst the information provided in these Project Summaries does not have any independent legal status between the parties, where components of the Project Summary reflect or summarise the Project Contracts, a legal expert must either author these components or declare that they are correct.
Responsible Agencies are to update Project Summaries if changes are made to the Project Contracts that materially change the information, or the implications of the information provided in the Project Summary, particularly if that information cannot be easily found elsewhere.
In updating a Project Summary, Responsible Agencies should follow the same processes to prepare, approve and disclose the update as that undertaken for the original Project Summary. In certain cases, it may be more appropriate to prepare a stand-alone addendum to a Project Summary or prepare a new Project Summary, rather than revising a previous Project Summary.
Private Sector PPP participant ownership changes are disclosed on the NSW Treasury PPP website.