Information Memorandum
JUNE 2020 TABLE OF CONTENTS
Introduction and Contact 3 Details
Executive Summary 6
Project Vision 7
The Opportunity 8
Context Map 10 - 11
Highlights 12
Visualisations 14
The Buildings 18
Historical Timeline 19
Precinct Map 20 - 21
Planning and Legislation 22
Heritage 23
Lease Process & 24 Indicative Timeline
Overall Lease Process 25
Important Information 26 - 27 & Disclaimer
KIRKBRIDE PRECINCT 2 INTRODUCTION
PwC Advisory Services Australia Pty Ltd (‘PwC’) has been appointed by the NSW Government to market a unique leasing opportunity of Kirkbride precinct (‘The Site or Kirkbride’ at Callan Park).
This Information Memorandum provides preliminary information to assist interested parties with their assessment of the Lease. This Information Memorandum is produced as a general guide only and does not constitute an offer for Lease. All parties should undertake and rely on their own independent due diligence investigations and not rely on the information contained in this document when considering this opportunity.
CONTACTS
All initial communication is to be directed through the contact persons below. Should you wish to progress to the Expressions of Interest (‘EOI’) process, specific information about the Site can be sought through the dedicated data room.
PwC looks forward to discussing this exciting opportunity with you.
Damian Horton Phone: +61 (2) 8266 2248 Email: [email protected]
Adrian Tse Phone: +61 (2) 8266 1561 Email: [email protected]
Claire Sandig Phone: +61 (2) 8266 2614 Email: [email protected]
3 INFORMATION MEMORANDUM 4 4 5 EXECUTIVE SUMMARY
The Kirkbride precinct presents a rare The Site offers a wide variety of spaces from opportunity to breathe new life into a large open courtyards and quadrangles through historically significant collection of heritage to a range of adaptable internal spaces that buildings through adaptive reuse and sensitive can be used for large gathering and functions, reimagining. The Kirkbride precinct comprises classrooms, suites, offices and workshops. The circa 30 adjoining, interconnected primarily circa 30 buildings (excluding the Convalescent sandstone buildings, and four Convalescent Cottages) have a total Gross Floor Area of Cottages. The precinct was designed in 1877 by approximately 24,000 sqm and Net Lettable colonial architect James Barnet and Inspector Area of approximately 18,000 sqm. General for the Insane Frederick Norton Manning. Many of the buildings have heritage The reimagining of the Site offers alluring significance. possibilities for a Respondent with the vision to create a lasting place of character and quality For the first time in 135 years, the NSW that conserves and enhances the heritage Government is offering to the market, Kirkbride credentials of the Site. precinct, via a leasehold opportunity for all or part of the precinct. The leasing transaction will take place over two distinct stages, being an Expression of Construction of the precinct was completed Interest (‘EOI’) (i.e. this stage) and pending in 1885 for continuous use as a mental health a successful EOI, a subsequent Request for facility for over 100 years, and more recently Proposal (‘RFP’) stage. The EOI process occupied by the University of Sydney’s College offers interested parties the opportunity to of the Arts from 1995 to May 2020. A rare highlight their planned use, experience and opportunity exists for a new tenant/s to lease, viability, financial soundness and capacity all or part of this spectacular State Heritage to complete, creative response to leasing Listed precinct. constraints, and value.
The Kirkbride precinct is located in the PwC has been appointed by the NSW historical core of Callan Park, only 6km from Government to market this unique leasing the Sydney CBD, within the Inner West suburb opportunity at Kirkbride precinct and of Lilyfield. Callan Park is approximately 61 provide specialist advice. hectares of undulating parklands, heritage buildings, and beautiful gardens.
The Site is well connected via buses to Sydney CBD and will directly benefit from future transport and infrastructure upgrades in the surrounding area including the future WestConnex and Sydney Metro West, on the doorsteps of Callan Park with a Station planned for White Bay. These upgrades will further enhance the appeal and connectivity of the precinct.
KIRKBRIDE PRECINCT 6 PROJECT VISION
The NSW Government This presents opportunities The project objectives are is seeking a high-quality for potential tenants to to enter into a leasehold outcome that: demonstrate their vision for agreement for occupation the Site through imagination of the property by a new and innovation, in compliance tenant/s for adaptive reuses Ö Maintains and preserves with the invitation to submit which: the Site and its heritage an EOI. significance; Ö Are consistent with the Ö Delivers value for money; Callan Park (Special and Provisions) Act 2002 No. 139; Ö Brings to life innovative, creative solutions for the Ö At least preserves, but reimagining and use of the ideally improves, the Site and its buildings. heritage condition of the buildings on site;
Ö Improves local amenity;
Ö Complements the parkland nature of the precinct;
Ö Complements the existing users and occupiers within the broader Callan Park precinct;
Ö Retains currently publicly accessible areas on site;
Ö Achieves financial sustainability on site, including the maintenance of the buildings and associated landscape within the curtilage;
Ö Ensures appropriate risk and liability outcomes for the NSW Government; and
Ö Completes the agreement efficiently and in accordance with appropriate probity and accountability standards.
7 INFORMATION MEMORANDUM THE OPPORTUNITY
The Kirkbride precinct The layout and historical The Kirkbride precinct is presents a rare opportunity significance of the Site located in the historical to breathe new life into creates a focal point of core of Callan Park, circa one of Sydney’s most Callan Park, connecting the 6km from the Sydney historically significant parklands and waterfront. CBD, within the Inner West collections of primarily suburb of Lilyfield. Callan sandstone heritage Park is approximately 61 The Site of circa 10 buildings through adaptive hectares of undulating hectares offers a wide reuse and sensitive parklands, heritage variety of spaces from repurposing. The Kirkbride buildings, and beautiful large open courtyards precinct comprises green spaces. and quadrangles through circa 30 adjoining, to a range of adaptable interconnected buildings internal spaces for large The Site is well connected and adjacent Convalescent gathering and functions, via buses to Sydney CBD Cottages, giving them a classrooms, suites, offices and will directly benefit strong sense of unity. and workshops. The from future transport and circa 30 buildings have a infrastructure upgrades This Expression of Interest total Gross Floor Area of in the surrounding area is for all or part of the approximately 24,000 sqm including the future Site. Current allowable and Net Lettable Area of WestConnex and Sydney uses include tertiary approximately 18,000 sqm, Metro West, that will education, healthcare and/ excluding the Convalescent further enhance the appeal or community use. Cottages. and connectivity of the precinct.
KIRKBRIDE PRECINCT 8 9 INFORMATION MEMORANDUM KIRKBRIDE PRECINCT CONTEXT MAP
KIRKBRIDE PRECINCT 10 10 11 INFORMATION MEMORANDUM HIGHLIGHTS
LOCATION ACCESSIBILITY Ö Future WestConnex – a major motorway and Kirkbride precinct is located The Site benefits from superb roads project with critical in the historical core of Callan accessibility bounded by interchange adjacent to Park, 61 hectares of undulating Wharf Road and Glover Street Callan Park at Rozelle. parkland benefitting from to the West, Balmain Road to WestConnex will improve open green spaces and the south and Manning Street connectivity to two enviable views of Iron Cove. and King George Park to the motorways and improve Callan park is 6km from the east. The Site is well serviced motorway capacity, Sydney CBD, nestled within by key bus routes along with a direct benefit to the suburb of Lilyfield, New Balmain and Victoria Road to communities close to South Wales. Lilyfield is a Sydney CBD and surrounding the WestConnex Rozelle thriving and dynamic suburb suburbs. It is also connected interchange. in the Inner West of Sydney. via the current light rail at just 1.7km from Lilyfield Station/ AMENITY Hawthorne Station and 2.5km REIMAGINE to Leichhardt North Station. The Site is surrounded by The Site’s enviable location numerous desirable amenities presents a unique opportunity including the ‘Bay Run’ (a INFRASTRUCTURE to reimagine this heritage 7km walkway and cycleway The Site is primed to benefit listed precinct as well as circuit hugging the shoreline from some of the most presenting prospects of of Iron Cove, an inlet of significant infrastructure creating a new tertiary Sydney Harbour), Birkenhead upgrades currently being education, healthcare and/ Point Shopping Centre with delivered in Sydney, including: or community precinct for 140 stores including major Sydney. supermarkets, retailers, and Ö Sydney Metro West – a outlet stores of renowned new metro project to local and international brands, connect Sydney CBD with a buzzing local café culture, Parramatta CBD. Sydney a variety of restaurants in Metro West will have a nearby Rozelle and Balmain, new station located at and sports fields and White Bay, less than 2km parklands of Callan Park. to Kirkbride; and
KIRKBRIDE PRECINCT 12 13 INFORMATION MEMORANDUM VISUALISATIONS
The below visualisations were prepared by Purcell, a renowned Heritage Architect. The intention of the following six images is to depict a selection of spaces at Kirkbride precinct and provide illustrative examples of potential reimagining and adaptive reuse of the Site. FUTURE
CURRENT
FUTURE
CURRENT
KIRKBRIDE PRECINCT 14 FUTURE
CURRENT
FUTURE
CURRENT
Some visualisations depict the removal of non-heritage items that can be removed to retain the heritage fabric of the precinct.
15 INFORMATION MEMORANDUM FUTURE
CURRENT
FUTURE
CURRENT
Visualisations are artists’ impressions only and cannot be relied upon for any purpose. Visualisations may not include elements of the Kirkbride precinct or its buildings identified in the Draft Conservation Management Plan (being developed) as intrusive to the heritage significance of the Site and able to be removed to support the conservation of the Site’s significant fabric.
KIRKBRIDE PRECINCT 16 17 INFORMATION MEMORANDUM THE BUILDINGS
Kirkbride precinct features a be successfully adapted to a mental health facility, and complex of circa 30 primarily a broad range of uses. Uses more recently as a creative heritage sandstone adjoining, could include, large gatherings arts campus by a leading interconnected buildings and indoor functions, Australian University. The ranging in height from one to classrooms, offices, galleries courtyards and open areas are three storeys, some with an and workshops to name a few. diverse in size, privacy and additional basement level. The ambience, and similarly could internal spaces are diverse The buildings reflect the be utilised in several ways. in size and layout, and could previous use of the Site as
SUMMARY OF BUILDING INFORMATION
ADAPTABLE SPACES This unique precinct offers a wide variety of adaptable spaces, including room for large gatherings, indoor functions, classrooms, suites, offices and workshops LOCATION Callan Park, Lilyfield, Sydney, Australia
HERITAGE As one of Sydney’s most historically significant collection of buildings, the buildings within the Kirkbride precinct are listed as items of State Heritage under the Heritage Act 1977 (NSW)
NO. OF BUILDINGS FLOOR AREA SITE AREA GROSS: ~ 24,000 sqm WHOLE SITE: ~ 10 ha ~30 LETTABLE: ~ 18,000 sqm PARKING: ~ 100 spaces
KIRKBRIDE PRECINCT 18 HISTORICAL TIMELINE
The Kirkbride precinct was designed in 1877 by colonial c1840 architect James Barnet and Solicitor John Ryan Brenan 1864 Inspector General for the builds Garry Owen House on Businessman John Gordon Insane Frederick Norton his estate at Long Cove purchases Garry Owen Manning. The Colonial House and the estate and Government of New South renames the combined estate, Callan Park Wales purchased the land and developed a new hospital 1873 to ease overcrowding at the Gordon sells Callan Park Hospital for the Insane located estate to NSW Government for the site of the new circa 6km away at Gladesville. 1880 Hospital for the Insane Work begins on the site for The precinct was used as the new hospital. The new hospital is called Kirkbride a hospital and health care in recognition of pioneering facility from the late 1800s doctor Thomas Story until the early 1990s, when the 1885 Kirkbride last patients were transferred First ward opens to patients to other hospitals and clinics. For the past 25 years, the Site has been used as a university 1886 - 1890 campus and as offices for not- The build of most wards for-profit organisations. are completed along with landscaping and grounds 1907 - 1953 The design and layout of the New male and female wards precinct is largely symmetrical are built and open on site with the administration buildings located in the middle 1974 of the Site, and the patient National Trust of Australia wards located along the (NSW) commissions a outer perimeter. A number report on the importance of of buildings and features 1978 Callan Park Hospital and its landscape have been added to the Site Callan Park is included on over the years including the Register of the National a workshop and external Estate (No. 1674) recognising its heritage significance stairways. 1990 - 1994 Kirkbride is readied for Large open spaces connect closure. Last patients are the buildings through the transferred from Kirkbride Block to other hospitals and centre of the precinct, with the clinics in 1994 outer edge of many buildings 1995 - 1996 opening to landscaped University of Sydney moves courtyards. into Kirkbride Block as Sydney College of the Arts The timeline to the right 1999 highlights key dates in the rich Callan Park and Kirkbride Block is added to the NSW history of Kirkbride precinct State Heritage Register from the Site’s inception to (No. 00818) recent times.
Source: GML Heritage 2019
19 INFORMATION MEMORANDUM MAP
404
403 8 9 10
402 97 401 27 12 7 7B 119A 119 6B
7A
29A 116A 6 29 116 6A
13B
24 21 13A 13 24A
4A 4C 17A 17B 4
4B 17 14
5
2A 15 601 3
2 1 293
30
1A
KIRKBRIDE PRECINCT 20 BUILDING AREAS
BUILDING IDENTIFIER GFA NLA NUMBER OF FLOORS
(B) TOTAL (sqm) TOTAL (sqm)
1 1,224 856 3 2 1,503 1,097 4 2A 254 180 1 3 1,046 822 3 4,5 2,202 1,806 1 4A 143 126 1 4B 24 20 1 6,7 2,101 1,729 2 6A 143 119 1 8 1,125 810 2 9 1,189 856 3 10 1,523 1,097 3 12 68 49 1 13 946 634 3 13A 381 318 1 14 1,312 1,051 2 15 38 32 1 17 1,175 1,130 1 17A 874 525 2 21 1,239 1,016 3 24 1,821 1,249 4 27 267 231 1 29 1,810 1,317 2 30 241 219 1 97 356 339 1 116 351 232 2 119 553 465 2
TOTAL 23,909 18,324
OTHER* 2,701 108
*Other includes structures with NLA below 20 sqm, storage space or buildings which are considered uninhabitable - including: Bldg 1A, 6B, 7A, 7B, 13B, 17B, 29A, 116A, 199A, 293, 401, 402, 403, 404 and 601.
Gross Floor Area (GFA) and Net Lettable Area (NLA) are estimates only and Respondents should make their own investigations as to the accuracy of these figures to inform the submission of their EOI.
21 INFORMATION MEMORANDUM PLANNING AND LEGISLATION
Respondents are encouraged Ö Callan Park (Special Respondents should to obtain independent Provisions) Act 2002 familiarise themselves with planning advice. No No. 139; all relevant planning and assurances are provided legislative instruments as as to the application of Ö Leichardt Local part of their EOI submission. the below key planning Environmental Plan instruments and controls 2000; The sole purpose of this that affect the Site. Ö State Environmental summary is to provide Planning Policy No 56*; general information KEY PLANNING regarding the applicable INSTRUMENTS Ö Sydney Harbour planning instruments for the Foreshore and Kirkbride precinct. It does A number of planning and Tributaries 1998 not constitute professional or legislative instruments are (Map 17 Rozelle Hospital legal advice and is not to be applicable to the Site. Schedule 1); relied upon. Readers should seek their own professional Ö National Parks and A selection of the key or legal advice as to the Wildlife Act 1974 (NSW); instruments is listed below. applicable development This list is not intended to be Ö Environmental Planning approval processes. exhaustive and Respondents and Assessment Act 1979 are to make their own (NSW); and independent investigations: * as applied by S.7 of the Callan Park Ö Heritage Act 1977 (NSW). (Special Provisions) Act 2002 No. 139
KIRKBRIDE PRECINCT 22 HERITAGE
As one of Sydney’s most GRADINGS OF GRADINGS OF historically significant HERITAGE HERITAGE collection of buildings, the SIGNIFICANCE SIGNIFICANCE Kirkbride precinct is listed Kirkbride precinct Convalescent cottages under the Heritage Act 1977 (NSW). Gradings of Significance
A draft Conservation Intrusive Little Moderate High Exceptional Management Plan (CMP) is being developed for the Site. The CMP will detail the heritage and archaeological significance of the Site and designate levels of significance of elements and built fabric across the Site.
The graphics adjacent depict the heritage significance of the building fabric within the Kirkbride precinct. Exceptional High Moderate Little Intrusive Building numbers refer to designations most recently used by the University of Sydney Gradings of Significance
Source: GML Heritage Source: GML Heritage
Gradings of Significance Gradings of Significance Exceptional Exceptional High High Moderate Moderate Little Little Intrusive Intrusive Building numbers refer to designations most recently used by the University of Sydney Building numbers refer to designations most recently used by the University of Sydney
23 INFORMATION MEMORANDUM LEASE PROCESS & INDICATIVE TIMELINE
INVITATION TO SUBMIT EXPRESSION OF INTEREST A prime opportunity exists to submit an EOI for the Kirkbride precinct. On EOI behalf of the NSW Government, PwC is conducting a two-stage process to STAGE 1 secure a tenant(s) for the Kirkbride precinct.
During the EOI stage, potential Respondents may be given access to a Data Room containing due diligence information, following a vetting protocol and execution JUN Respondent can access the Data Room due of a Non-Disclosure Agreement. 2020 diligence materials and EOI document During the RFP stage, selected Respondents will be given access to further detailed information on the Site and the buildings on the Site.
2 SEP Last date for submitting questions in the Data 2020 Room The first stage of the process is an invitation to submit an Expression of Interest. Respondents who are selected to proceed to Stage 2, will be asked for a binding proposal and 9 SEP EOIs due via the Data Room Agreement for Lease. It is expected 2020 that Respondents will have obtained all internal and external approvals (including Foreign Investment Review Board approval if required), by the time a Binding Offer is SEP-OCT Review of EOIs and selection of Respondents to submitted. 2020 be invited to Stage 2 RFP Respondents are able to submit an EOI for one, for any number of, or for all of the buildings as deemed appropriate by the Respondent.
Adjacent is a timeline of the key dates for the EOI process. By participating in the process and submitting an offer, a Respondent accepts and agrees to be bound by the terms of the EOI document contained in the Data Room.
KIRKBRIDE PRECINCT 24 OVERALL LEASE PROCESS
The opportunity to lease all Ö Financial soundness and REQUEST FOR or part of Kirkbride precinct capacity to complete: PROPOSALS is being offered via a two Financial soundness and (BY INVITATION) stage EOI and RFP process. capacity to complete At the completion of the EOI their obligations for the process or Stage 1*, the NSW duration of the proposed Ö Based on the EOI Government will assess the lease term, including evaluation process a responses and reserves the an understanding of shortlist of Respondents right to proceed or not to the capital and lease will be invited to provide proceed with the RFP. obligations; binding proposals (financial and non- Ö Creative response to financial). EXPRESSIONS OF leasing constraints: INTEREST Response to addressing Ö The Agreement for Lease is forecast to be completed The EOI process will seek leasing constraints (such as at the end of the two-stage Respondents to submit an improving public amenity, process. It is intended Expression of Interest for all or public access, services that the successful part of the Site, outlining: infrastructure, heritage, transport, noise, lighting Respondent/s will enter etc) in a way that is of a into an agreement with Ö The organisational long-term benefit to the the NSW Government information; Kirkbride precinct; and which will ratify all leasing terms, conditions and Ö Planned Planned use: Ö Value: Demonstration responsibilities of the use and consistency of value to the State lessor and lessee. of the proposal with through indicative gross the objectives and *The NSW Government reserves the right annual rental payment an to proceed with the EOI only and not the requirements of the Callan indicative lease term and RFP. The NSW Government also reserves Park (Special Provisions) the right to consider or not consider a any capital improvements submission in accordance with the terms of Act 2002 No. 139; to the buildings offered by the EOI document. Ö Experience and viability: the Respondent. Demonstrated to capacity Respondents will be assessed and experience to lease against the above evaluation and/or operate the criteria. proposed use;
25 INFORMATION MEMORANDUM IMPORTANT INFORMATION & DISCLAIMER
This Information Memorandum of commercial sensitivity, even submitted and to deal with one (IM) has been prepared though such information may be party to the exclusion of others by the NSW Government, material to the Recipient. The without notice and without with the assistance of Recipient should conduct and giving reasons to the Recipient. PricewaterhouseCoopers rely upon its own investigation The NSW Government will not Advisory Services Australia and analysis of the Information be liable to compensate the Pty Ltd (PwC or Adviser). Its and should seek its own legal, Recipient or any intending Lessee sole purpose is to provide financial, taxation and other for any costs or expenses incurred you (Recipient) with general professional advice regarding the in reviewing, investigating or information relating to Kirkbride Lease and the Information and analysing any information in precinct (Kirkbride) in order to any other information provided relation to the Lease, in making assist the Recipient in deciding by the NSW Government, or the an offer or otherwise. The NSW whether to investigate a possible Adviser, (including all of their Government also reserves the lease of all or any of the buildings respective directors, partners, right to, at any time without specified at Kirkbride precinct consultants, employees, related notice to the Recipient, depart (Lease). bodies corporate, affiliates, and from or modify any procedures, the directors, shareholders, timetables or course of conduct in managers, partners, employees, relation to the Lease or otherwise This IM is supplied to the advisers or agents of any of advised to the Recipient, or to Recipient subject to the them) (Information Providers) to terminate the Lease process. conditions outlined below. The the Recipient. receipt or retention of this IM by the Recipient evidences its Under no circumstances may the acceptance of those conditions. If This IM may include certain Recipient or its shareholders, the conditions are not acceptable, estimates, projections, directors, officers, employees, the IM and any copy of it must calculations or forward-looking agents and professional be returned immediately to the statements with respect to the advisers make contact with Adviser. Site. Such estimates are based on the management, employees, assumptions about future events customers, financiers, agents and management actions that or suppliers of the NSW This IM does not constitute may not necessarily take place Government, until written investment, accounting, financial, and are subject to uncertainties, permission to do so is given in legal or tax advice and should not many of which are outside the writing by the Adviser or the be taken to be a recommendation, control of the NSW Government. NSW Government. invitation or offer by the NSW The Information Providers Government or the Adviser to make no representations or undertake the Lease. This IM is To the fullest extent permitted by warranties as to the accuracy, not intended to be and does not law: reliability or reasonableness constitute a product disclosure of the assumptions on which statement, prospectus, short form the estimates are based. The Ö prospectus or profile statement the Information Providers Recipient agrees not to rely on as those terms are defined in the expressly disclaim any and the estimates and should make its Corporations Act 2001 (Cth). all liability (whether direct, own enquiries and investigations indirect or consequential regarding the assumptions, and whether arising from The information contained in uncertainties and contingencies negligence or otherwise) for, this IM (Information) has been which may affect the Recipient or based on, or relating to prepared in good faith by the in relation to any potential any Information (including NSW Government and the obligations under a Lease and any Estimates), or for any Adviser. This IM is intended the impact that different future errors in or omissions from as a guide only and does not outcomes may have on the this IM or for any written provide, and does not purport Recipient. or oral communications to contain, all the information transmitted to the Recipient that the Recipient may require The NSW Government with in the course of its evaluation for the purpose of evaluating the assistance from its advisers, of the Lease; Lease. For example, information reserves the right to evaluate any on certain matters has not been Ö no liability (whether under offers, to reject any or all offers included in this IM for reasons statute, in contract, tort or for
KIRKBRIDE PRECINCT 26 negligence or otherwise) is or any written or oral The Recipient agrees, irrevocably accepted by any Information communications provided to and unconditionally, to submit to Provider for any loss or the Recipient in relation to the non-exclusive jurisdiction of damage including any the Lease. Any information the courts of New South Wales, in negligent acts or omissions provided to the Recipient respect of any disputes, actions, (whether foreseeable or not) following receipt of this IM suits or proceedings arising out that may arise by reason of, will be subject to these same of or relating to this IM and the or in connection with, the terms and conditions; Lease. provision of the Information or by the purported reliance Ö the Information Providers on the Information by the make no representation Recipient; and or warranty express or implied, as to the accuracy, Ö the Recipient releases and reliability, reasonableness or indemnifies each Information completeness of the contents Provider from and against of the IM including that it has all claims, actions, damages, been or will be audited or remedies or other matters, independently verified; whether in tort, contract or under law or otherwise, Ö no representation, warranty arising from or which may or guarantee, whether arise from or in connection express or implied, is made or with the provision of, or any given that any estimate will purported reliance on, this be achieved; IM, and it covenants that Ö the above acknowledgement no claim or allegations will may be pleaded as a bar to be made against any of the any claim that a Recipient Information Providers in may bring. relation to this IM.
The Recipient acknowledges and agrees that:
Ö other than the Recipient’s acceptance of these conditions as set out above and the jurisdiction referred to in the last paragraph further below, nothing contained in this IM is intended to be legally binding and no legally binding contract, arrangement or understanding will exist between the NSW Government or its nominee and any Recipient unless and until a formal written contract or contracts have been executed by the NSW Government or its nominee;
Ö the Information Providers shall not be under any obligation to correct, update or revise this IM
27 INFORMATION MEMORANDUM