Following the debate surrounding Crown Limited’s unsolicited proposal to build and operate a six-star hotel and VIP casino at Barangaroo, this paper explains NSW Government policy on unsolicited proposals.
The NSW Government’s process for dealing with unsolicited proposals from the private sector has recently been the subject of much debate. The debate has centred on Crown Limited’s unsolicited proposal to build and operate a six-star hotel and VIP casino at Barangaroo. That proposal has now moved to the third and final stage of the unsolicited proposal assessment process. A key issue in the debate is the circumstances in which it is appropriate for the Government to deal with a private party exclusively and without an open tender process.
This e-brief begins with a brief history of NSW Government policy on unsolicited proposals. Next, it outlines the current Government guidelines, released in August 2012. The paper then briefly examines the Government’s consideration of the Crown proposal, and refers to debate about the process. Guidelines for dealing with unsolicited proposals in other States are then outlined. This paper ends with a consideration of relevant policies adopted in a number of other countries.