In considering likely or proposed material commercial and/or contractual changes to a PPP project deed, Government entities and NSW Treasury should, at a minimum, take into account:
• value for money
• the benefits and costs of the changes to Government and the private party
• impact on the state budget and project affordability
• the impact on the exposure, allocation and management of risks
• avoiding the creation of undesirable precedents
• continuing viability of the project
• external market forces, and
• for PPPs which are joint venture arrangements, what was communicated to the Treasurer in respect of the arrangement in support of the request for approval under the GSF Act.