8.1  Ownership

(a)  Subject to 8.1(b), government will generally be responsible for delivery of the site for the purposes of the project and will bear the costs and risks of delivery of the land that is agreed at Financial Close to be required for the Project.29

(b)  The private party bears the costs and risks of acquiring any land additional to the land agreed at Financial Close.

(c)  Accordingly, for most projects, land will be in government ownership. This facilitates the transfer of Control of the facility to government at the end of the Contract Term and underpins government's Step-in Rights under the project agreement.30

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29 Commonwealth agencies must abide by the Australian Government Property Ownership Framework.

30 See section 26 (Step-in ).