4.5.3.  Change in Ownership/Control

Consistent with volumes 3 and 7 of the National Guidelines (and where there are no contractual provisions otherwise), the private party must obtain Government consent prior to either any change in control, change in the legal or beneficial ownership of the private party; or any member of the private party's group, or to any change in the private party's group structure relative to the situation as at contract signing. Prior Government consent is not required for transfers to related bodies corporate and of listed shares and interests.

Government will not unreasonably withhold consent to the change in ownership or control. The procuring agency should consult with NSW Treasury to determine if Cabinet or Treasurer approval is required.