Victoria’s secret lotto licence extension to be probed by auditor-general
Victoria's auditor-general will investigate the state's 40-year lotto licence extension amid concerns about the secretive negotiation process. The deal, which was announced on budget day, has faced criticism for its lack of transparency and competitive bidding. The investigation will assess whether the extension provided good value for taxpayers and adhered to proper competitive practices.
- ▪The auditor-general's investigation will focus on the value and competitiveness of the lotto licence extension.
- ▪The Victorian government passed laws allowing private negotiations for the deal, which has drawn criticism.
- ▪The extension was announced alongside the state budget and included a significant upfront payment.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.