Market-Led Proposals uniqueness test to be abandoned

Market-Led Proposals ‘uniqueness’ test to be abandonedThe Queensland Government has heeded the Property Council’s call to remove the ‘uniqueness’ criteria from the Market-Led Proposals framework, and has committed to replace it with a ‘justification for direct negotiation’.The Market-Led Proposals (MLP) framework was warmly welcomed by the property industry when introduced by the State Government. However, after nearly two years in operation, only one project has emerged from this process.Before the State Budget, the Property Council had called on the Government to revamp the MLP framework, to ensure the power of the private sector is fully harnessed to drive new economic opportunities. The requirement for “uniqueness” was identified by the Property Council as the biggest hurdle to the initiative’s success.As part of the recalibration of the MLP, the Government has also announced that the approval process will be streamlined and the assessment criteria will be consolidated.Further information on the updated MLP guidelines are expected to be released shortly.