BACK TO RESULTSNSW Lotteries Duties
PIPELINE
STATUS
Prospective pipeline
Credibly proposed
Announced
Under procurement
Preferred bidder announced
Recently closed
Prospective pipeline
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
Credibly proposed
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
Announced
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
Under procurement
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Recently closed
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Australia
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
New Zealand
All greenfield and brownfield projects and divestments: > NZD $100 million
Project Scope
In the lead-up to the 2020-21 NSW Budget, the NSW Government announced a scoping study would be undertaken into the potential sale of its lotteries duties revenue stream.
The 2020-21 Budget reported that lotteries and lotto duties for 2019-20 financial year has been $473 million, with the revenue estimated to increase to $521 million by 2023-24 at an average growth rate of 2.4 per cent.
Key Dates
Nov 2020: Scoping study announced
Procurement
Related contracts:
Financial Advisor: Bank of America
Legal Advisor: Herbert Smith Freehills
Accounting and Tax Advisor: Ernst & Young
Project History
Jan 2021: New South Wales Treasury announced the appointment of its Financial Advisor, Legal Advisor and Accounting and Tax Advisor to support the scoping study.
Nov 2020: The 2020-21 Budget reported that lotteries and lotto duties for 2019-20 financial year has been $473 million, with the revenue estimated to increase to $521 million by 2023-24 at an average growth rate of 2.4 per cent.
Nov 2020: In the lead up to the 2020-21 NSW Budget, the State Treasury announced a scoping study would be undertaken into its lotteries duty revenue stream.
Last reviewed: 02/02/2021
