As announced by the Minister for Finance on 11 December 2020, we have extended the temporary changes to the procurement thresholds to maximise contracting opportunities for local businesses and support economic recovery following the COVID-19 pandemic.
If you are purchasing from a local business, you can now choose to make a direct purchase up to $250,000 (previously $50,000) or invite quotes up to $500,000 (previously $250,000).
The raised thresholds are available until 31 May 2021 and allow you to streamline the procurement process with local businesses. If you are not purchasing from a local business, the original thresholds apply.
This guide will direct your agency in:
- where to find registered Aboriginal businesses
- what key policies to refer to
- ensuring value for money
- whether a formal contract is required
- how the Aboriginal Procurement Policy is related to directly engaging an Aboriginal business
It also includes a flowchart to help you make your decision.