The Victorian government awards TLC a 40-year extension to its state Lotto contract without running a public tender process. The arrangement includes an upfront premium payment of more than $1.1 billion to the state. Multiple reports say the deal was being prepared before the laws were amended to allow this type of extension, indicating that key elements of the contract were in progress months earlier. Under the extension terms described by the outlets, the government proceeds through a direct contractual pathway rather than a competitive tender, despite later changes to legislation enabling it. The reporting across outlets focuses on the timing between the legislative change and the development of the agreement, raising questions about whether the extension process was effectively underway before the legal framework permitted it. While the sources describe the payment amount, contract length, and absence of a tender, they do not provide differing figures or alternative contract terms. The central common points are the contract duration, the lack of a public tender, the large upfront premium, and the allegation that work began before the law changed.
Victorian government grants TLC 40-year Lotto extension without tender, after law change
The Victorian government awards TLC a 40-year extension to its state Lotto contract without running a public tender process. The arrangement includes an upfront premium payment of more than $1.1 billi...
- Victoria grants TLC a 40-year extension to its Lotto contract.
- The extension is awarded without a public tender process.
- The deal includes an upfront premium payment of more than $1.1 billion to the Victorian government.
- Reports say the agreement was in preparation months before laws were changed to allow the extension.
The Victorian government has awarded TLC a 40-year extension without a public tender process in return for an upfront premium payment of more than $1.1 billion, a deal that was in the works well before the law changed to allow it.
3 months agoThe Victorian government has awarded TLC a 40-year extension without a public tender process in return for an upfront premium payment of more than $1.1 billion, a deal that was in the works well before the law changed to allow it.
3 months agoThe Victorian government has awarded TLC a 40-year extension without a public tender process in return for an upfront premium payment of more than $1.1 billion, a deal that was in the works well before the law changed to allow it.
3 months ago
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