Elizabeth Whitelaw in Canberra and David McElhone in Sydney led the transaction for Minters. Whitelaw said the Commonwealth legislative requirements added a layer of complexity to the deal, with the need to ensure transparency and value for money. “That was an important part of the process that needed to be adhered to.”

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Also, the combined impact of four distinct legislative regimes, from each state and territory and at the federal level, added to the workload, with elements such as different vendor disclosure regimes in each. Whitelaw said there was a large amount of vendor disclosure material that had to be obtained and reviewed during the DHA’s due diligence. The firm also worked with the client to establish an electronic dataroom, which was available to successful participants in the tender process. “There was at least 10,000 pages of due diligence material,” she said.