Most Read Contributor in Australia, September 2016
On 16 September 2015, Deputy Premier and Minister for
Infrastructure, Local Government and Planning, Jackie Trad,
announced a $59.35 million investment in catalyst infrastructure
through the Queensland Government's newly formed Catalyst
What is the Catalyst Infrastructure
The Catalyst Infrastructure Program, to be overseen by Economic
Development Queensland, is open to local governments, utility
providers and private proponents to apply for co-investment funding
to develop catalyst infrastructure. This program, by offering co
investment, is designed to facilitate catalyst infrastructure to
drive economic benefit for Queensland while establishing
partnerships with local governments and developers.
What is catalyst infrastructure?
Funding will only be provided to projects developing catalyst
infrastructure. Catalyst infrastructure has been recognised by
Economic Development Queensland to include roads, transport, water
supply, wastewater, stormwater and sewerage, although this is not
an exhaustive list.
Eligibility criteria for investment
In deciding what projects are entitled to co-investment funding,
the Department of Infrastructure, Local Government and Planning has
outlined five eligibility criteria.
The proposed infrastructure must generate, facilitate or
accelerate economic benefit. In determining whether projects foster
economic development, interested proponents will be required to
submit details of the project's economic impact, including its
dollar value to residential, commercial or industrial development
per area and an estimate of short and long term job creation.
The proponent(s) must be co-investing between 10 and 50 per
cent of the total direct costs.
The proponent(s) must undertake to repay the Government's
co-investment over a period of no greater than 15 years.
Work on the proposed project is ready to be commenced within 12
The Proponent(s) can demonstrate financial capabilities to
deliver the project and repay the funding investment.
Ms Trad has specifically indicated that the Catalyst Funding
Program is "looking for shovel-ready projects which
demonstrate significant flow-on economic benefits from the
community.... Jobs and economic growth are key
How will the projects be assessed?
The projects will be assessed in two stages.
Stage 1 consists of a preliminary assessment. Projects will be
assessed and rated according to the assessment criteria and a
determination will be made whether the project fits strategically
into Queensland Government's infrastructure priorities.
Stage 2 consists of a detailed assessment conducted by Economic
Development Queensland. Economic Development Queensland will
consider the scope of the infrastructure program, repayment of
investment, memorandums of understanding and the economic benefit
derived from the program. Further, Economic Development Queensland
will assess submissions against the assessment criteria.
At the completion of stage 2, Economic Development Queensland
will prioritise the projects according to economic benefit to
Queensland and provide recommendations to the Minister for final
Next steps for successful proponents
If proponents are successful, they will be required to enter
into an agreement with the State Government. Key features of the
agreement will include information about funding the project,
details of the approved project, conditions of funding, time
frames, expenditure, accountability, governance and acquittal
processes, forecast claim dates, reporting requirements and
acknowledgment of government funding.
Once agreements are executed, the proponent and Economic
Development Queensland will establish a project control group
comprising of a representative from both the proponent and Economic
Development Queensland. Specifically, the project control group
confirm and agree on the delivery program for the works;
review and approve the designs for the works and the
review and provide recommendations in relation to quotes and
tenders for the design of the work; and
provide direction to the proponent to rectify any breaches of
the procurement process.
The proponents will then receive funding on an interest-free
basis to be repaid over time. The general rule requires repayment
to be made over a period of up to 15 years on either a periodic
payment method or by payment at each plan sealing.
The Queensland Government promises that this new fund will drive
economic growth by unlocking development opportunities and creating
This publication does not deal with every important topic or
change in law and is not intended to be relied upon as a substitute
for legal or other advice that may be relevant to the reader's
specific circumstances. If you have found this publication of
interest and would like to know more or wish to obtain legal advice
relevant to your circumstances please contact one of the named
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Warranties can be risk-shifting mechanisms when the party giving the warranty is not the party at fault for the defect.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).