PROCUREMENT INITIATIVES TO SUPPORT SMALL BUSINESS
The AASB and AUASB support small business participation in the Commonwealth Government procurement market. Small and Medium Enterprises (SME) and Small Enterprise participation statistics are available on the Department of Finance’s website (www.finance.gov.au/publications/statistics-on-commonwealth-purchasing-contracts)
Officials of the AASB and AUASB apply procurement practices that do not unfairly discriminate against SMEs and provide appropriate opportunities for SMEs to compete. Officials consider the benefits of doing business with SMEs when scoping the requirements and evaluating value for money.
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https://www.transparency.gov.au/annual-reports/office-australian-accounting-standards-board/reporting-year/2019-20-52