Q1 business case·Assurance & Gateway readiness·Independent review plan·2026

Assurance: held to the gates, reviewed by independents.

Tier-1 means the case withstands independent scrutiny. This page maps Q1 to Queensland Treasury's six Gateway review gates with a readiness rating for each, and sets out the independent-assurance program (model audit, independent engineer, technical and market review, legal & probity) that confirms the case before the investment decision.

Gateway readiness assessment RAG · evidence vs gap

Gate	Review	Evidence held	Gap to clear	RAG
0	Strategic assessment	SBC — substantiated service need, strategic & regulatory alignment	—	Green
1	Preliminary evaluation	PBC — options analysis to a preferred reference project	—	Green
2	Business case	DBC — full five-case; CBA; financial model; quantified risk	Class-3 capex on firm quotes; model audit + IE sign-off	Amber
3	Contract award / investment decision	Conditions-precedent register defined	Executed lease, firming, CAA, supply & anchor tenancy; committed funding	Amber
4	Readiness for service	Switch cutover plan; commissioning sequence (Wave 2)	Pilot energised; production cutover	Future
5	Benefits realisation	Benefits plan + KPI set (Wave 3–4)	Utilisation proven; Customer #2 live	Future

Independent assurance program who checks the case

Review	Scope	Status
Financial model audit	Third-party review of integrity, formulae, assumptions & sensitivities of the deal model	To commission
Independent engineer (IE)	Class-3 engineering definition; electrical chain, closed-loop cooling, dam thermal headroom; constructability & cost	To commission
Technical due diligence	GPU platform, network, utilisation & uptime model; technology-refresh / resale assumptions	To commission
Market & demand review	Independent view of GPU pricing, sovereign demand & the QGOV trajectory	To commission
Legal & environmental	Lease / CAA / tenancy terms; PFAS containment scope; planning & approvals	In train w/ CleanCo
Probity	AU-resident register evidenced; conflicts & related-party protocol; procurement probity	Register AU-resident

Why BCDF / Gateway here buyer-legibility

AloomU is private capital; QT's BCDF and Gateway Review Process are the Queensland Government's framework for its own investment decisions. Q1 adopts that structure deliberately: QGOV (via QWork) is the anchor offtake, so presenting the case in the buyer's own assurance language makes it legible to QGOV's process from day one and to any public-sector co-investment or procurement pathway. Q1's ~A$116M pilot sits above QT's $100M Gateway threshold. This is presentational alignment — not a representation that a government Gateway review has been conducted.

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