A revised guideline providing greater transparency and incentive for industry to bring innovative ideas to the Victorian Government was today officially launched by Treasurer Tim Pallas.
Speaking at the 15th Annual PPP Summit in Sydney, the Treasurer said that the Market-led Proposals Guideline gives certainty of process to private sector parties approaching the Government with new ideas, while at the same time rewarding innovation.
The Guideline includes a strengthened five-stage process for Market-led Proposals to ensure Government only pursues proposals that offer something unique.
Proposals must also deliver on Government priorities, provide benefits to the community, and provide value to Victorians.
The new Guideline provides the private sector with a clearer sense of the types of projects the Government is most interested in by identifying priority areas where government is welcoming private sector proposals. These improvements will reduce the costs for the private sector by providing greater clarity on our priorities and requirements.
New opportunities for innovative ideas to be submitted without the need for a full proposal have also been introduced.
While these ideas are developed at the private sector’s cost, there are new provisions that allow for payments, where appropriate, for proposals that contain genuine intellectual property.
Under the guideline, and the newly formed Infrastructure Victoria will also be able to provide advice on proposals.
The revisions to the Guideline also address recommendations made by the Victorian Auditor-General in August 2015 to improve the Guideline and assessment process.
Quotes attributable to Treasurer, Tim Pallas
“This guideline sends a strong signal that we are open for business and interested in hearing from the private sector about their ideas for projects that will benefit all Victorians.
“We currently have a number of proposals following these guidelines. These include proposals for a new Victoria Police Centre and the development of the Western Distributor, with both proposals at stage three, while the CityLink-Tulla Widening is an example of a project that has been realised under the guideline.
Reviewed 10 February 2021