The first year of the Market-led Proposal (MLP) Policy has been well received by the market with 27 proposals submitted from more than 10 industries.
Finance Minister Ben Wyatt said the Policy will continue to be built upon.
“We have seen tremendous success in year one of the MLP Policy and based on market evidence and feedback from proponents, we have made a number of policy updates,” he said.
The Policy was designed on the principle of continuous improvement and included a first anniversary review. Based on industry feedback, seven key updates came into effect on 16 March 2020.
The Policy updates include:
- providing clearer exclusivity characteristics
- an introduction of a First Mover Advantage to incentivise and reward good ideas
- a streamlined process, reducing the total number of stages from four to three
- commitment for stage 1 completion within 99 business days
- earlier advice for proposals that do not meet the scope of the Policy or State Government Priorities
- a clearer link to State Government Priorities
- updated terms and conditions to reinforce probity
The updates will not disadvantage any proposals currently under consideration.
“We have listened to industry and we believe these Policy updates provide increased incentives for industry to present innovative proposals whilst maintaining the highest levels of probity.
“Processes have been streamlined to allow government to collaborate with industry and understand the value of their proposals in a more timely manner,” Minister Wyatt said.
Since the Policy was implemented, more than half of the submissions have successfully progressed through the pre-qualification process. A further three submissions have been referred to other government processes for consideration. The balance have either been withdrawn or did not proceed beyond pre-qualification.
“The opportunity for the State Government to work hand in hand with the private sector on innovative solutions will ultimately create jobs, strengthen the local economy and our collective capabilities.”
Launched in April 2019, the Policy was established to unlock unsolicited proposals from the private sector that offer the State Government innovative solutions and opportunities.