Approval to enter into Joint Financing Arrangements

Under section 5A of the PAFA Act, all PPPs fall under the definition of a joint financing arrangement. The Treasurer's approval is required under section 20 of the PAFA Act for the procuring agency to enter into a joint financing arrangement, on the recommendation of the responsible Minister.  Treasury should be consulted on the appropriate form of words of the Minister's letter.

The procuring agency will need to provide the Treasurer (and Treasury) with a copy of the final contract deed and the supporting documents, including the updated 'negotiation parameters' (See Annexures), prior to the Treasurer granting approval to enter into the joint financing arrangement.

Any amendments to previously signed PPP contracts may also require the Treasurer's approval under the PAFA Act.