The GIPA Act requires Sydney Water to record and publish certain information about some contracts with private sector bodies.
Part 3, Division 5 of the GIPA Act states that information about contracts worth more than $150,000 between agencies and private sector bodies must be recorded in a register of government contracts.
Contracts that must be included in the government contracts register are those:
between Sydney Water and a private sector contractor
signed after the commencement of the GIPA Act
for a value of $150,000 or more, and involve:
the contractor undertaking a specific project such as construction, infrastructure or property development
the contractor agreeing to provide specific goods or services
the transfer or lease of real property.
Class 1 contracts are those that have, or are likely to have, a value of $150,000.
there has not been a public tender process and the terms and conditions of the contract have been negotiated directly with the contractor, or
the contract was the subject of a tender (whether public or not) but the terms and conditions have been substantially negotiated with the contractor or
the obligations of one or more parties to maintain or operate infrastructure or assets could continue for 10 years or more, and the contract involves a privately financed project (as defined by Treasury) or the exchange of significant assets.
If a class 2 contract has a value, or likely value of more than $5 million, it becomes a class 3 contract.