Three contracts in excess of $100,000 were entered into during the reporting period that did not provide for the Auditor General to have access to the contractor’s premises.

The first contract was for the syndicated issuance of $2 billion of Treasury Bonds (a May 2041 maturity) in February 2020. The AOFM appointed Commonwealth Bank of Australia, JP Morgan Securities Australia and UBS AG (Australia Branch) to act as managers for the issuance.

The second contract was for the syndicated issuance of $13 billion of Treasury Bonds (a November 2024 maturity) in April 2020. The AOFM appointed Westpac Institutional Bank, Deutsche Bank AG, UBS AG (Australia Branch) and ANZ Banking Group Pty Ltd to act as managers for the issuance.

The third contract was for the syndicated issuance of $19 billion of Treasury Bonds (a December 2030 maturity) in May 2020. The AOFM appointed Citigroup Global Markets Australia, Deutsche Bank AG, ANZ Banking Group Pty Ltd, and Commonwealth Bank of Australia to act as managers for the issuance.

ANAO access clauses were not included in the contracts as the AOFM maintains all relevant information in relation to the contracted services. Under these contracts, $32.89 million (including GST) was paid.

No contract or standing offer has been exempted from being published in the Purchasing and Disposals Gazette on the basis that it would disclose exempt matters under the Freedom of Information Act 1982.