NSW Lotteries Duties




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
NSW Lotteries Duties
STATUS

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


STATUS: Prospective pipeline
SECTOR: Other
JURISDICTION: NSW
TYPE: Brownfield

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

Presented by

Government sponsors

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Supporting agencies

 
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