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Finance Circular 2009/02

The National Public Private Partnerships (PPP) Policy Framework and National PPP Guidelines

Purpose

This Finance Circular advises agencies of the National PPP Policy Framework and National PPP Guidelines (the National PPP Policy and Guidelines).  In summary, Financial Management and Accountability Act 1997 (FMA Act) agencies are required to apply the National PPP Policy and Guidelines as these replace existing Australian Government PPP policy and the majority of PPP guidance material when developing large scale capital projects.  

The key changes arising from implementation of the National PPP Policy and Guidelines are:

  • the threshold for the mandatory agency consideration of PPPs as a procurement option has decreased from $100 million capital cost to $50 million capital cost; and
  • the Capital Asset Pricing Model (CAPM) methodology has been adopted for calculating discount rates when evaluating PPP proposals.

The National PPP Policy and Guidelines also note that where the Australian Government considers a project involves National Security issues, the National PPP Policy and Guidelines may not apply.

The National PPP Policy and Guidelines are available on the Infrastructure Australia (IA) website at: www.infrastructureaustralia.gov.au [External Site]

This Circular is effective from 30 May 2009.

Finance Circular 2009/02

The National Public Private Partnerships (PPP) Policy Framework and National PPP Guidelines PDF Version [PDF Document 60 KB]
The National Public Private Partnerships (PPP) Policy Framework and National PPP Guidelines RTF Version [RTF Document 1.1 MB]

Copyright Notice

© Commonwealth of Australia 2009
This work is copyright. You may download, display, print and reproduce this material in unaltered form only (retaining this notice) for your personal, non-commercial use or use within your organisation. Apart from any use as permitted under the Copyright Act 1968, all other rights are reserved. Requests and inquiries concerning reproduction and rights should be addressed to Commonwealth Copyright Administration, Attorney General’s Department, Robert Garran Offices, National Circuit, Barton ACT 2600 or posted at http://www.ag.gov.au/cca [External Site]

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