NSW Treasury is responsible for providing guidance to and monitoring Responsible Agencies so the Responsible Agencies ensure:
• any changes to risk exposure or allocation under existing PPP and other complex infrastructure contracts:
- do not create undesirable precedents
- deliver value for money; and
- are consistent, as much as possible, with the template project documents for social infrastructure (where relevant).
• the Treasurer is informed of any material changes to the approved joint financing arrangement, including to any obligations of the Government entity guaranteed by a GSF Act Guarantee, if applicable
• any State budget and accounting impacts of PPP contracts are accurate and up to date
• there is consistent application of PPP policy across projects; and
• compliance with these Guidelines.
In evaluating proposed material contractual or commercial changes, NSW Treasury can draw on its considerable experience and expertise across a wide range of PPP projects and:
• provide expert commercial and financial advice, whilst avoiding setting undesirable precedents
• assist in resolving disputes prior to them escalating
• assist in retaining external experts if appropriate; and
• advise on approval processes and the application of NSW PPP policy.
NSW Treasury can provide commercial and financial advice, and aid negotiations to assist the Government entity with achieving value for money and maintaining an appropriate project risk allocation. If the specific situation warrants it, NSW Treasury may refer the Government entity to a suitable external adviser.