Treasury’s procurement activities were undertaken in accordance with the Public Governance, Performance and Accountability Act 2013, Commonwealth Procurement Rules, and the Commonwealth Government’s Indigenous Procurement Policy. Treasury applies these requirements through its internal financial and procurement policies.
Information on all Treasury contracts awarded with a value of $10,000 (incl. GST) or more, is available on AusTender at: www.tenders.gov.au.
No contracts of $100,000 or more (including GST) were entered into during 2019-20 that did not provide for the Auditor-General to have access to the contractor’s premises.
Treasury supports small business participation in the Commonwealth Government procurement market.
Participation statistics are available on the Department of Finance website at: www.finance.gov.au.
Treasury’s procurement practices support small and medium enterprises participating in procurement opportunities. This includes the mandatory use of the Commonwealth Contracting Suite for low risk procurements up to $200,000 (including GST) and the use of credit cards as a payment mechanism for low value procurements under $10,000 (including GST).
Treasury recognises the importance of ensuring small businesses are paid on time. The results of the survey of Australian Government Payments to Small Businesses are available on the Department of Jobs and Small Business website at: www.employment.gov.au.
Treasury fully supports the Indigenous Procurement Policy and the portfolio has met its purchasing target, set by the Government, to ensure Indigenous employment and business opportunities continue to grow.