30Recommendations about LTES agreements

30 Recommendations about LTES agreements

30 Recommendations about LTES agreements

(1) The consumer trustee may include the following information in a recommendation to the scheme financial vehicle under the Act, section 48—

(a) information obtained or produced during a competitive tender process,

(b) information obtained or produced during the consumer trustee’s assessment of a tender bid, including information obtained or produced by a person acting at the direction of the consumer trustee.

(2) Subclause (1)(b) applies only if the information was obtained or produced for the benefit of the consumer trustee and the scheme financial vehicle.

(3) When making a recommendation about an LTES agreement, the consumer trustee must take into account the non-financial value criteria for LTES agreements.

cl 30: Ins 2022 (366), Sch 1[8].