Information to be entered in register—class 1 contracts
29 Information to be entered in register—class 1 contracts
The following information about a class 1 contract is to be entered in the government contracts register—
the name and business address of the contractor,
particulars of any related body corporate (within the meaning of the Corporations Act 2001 of the Commonwealth) in respect of the contractor, or any other private sector entity in which the contractor has an interest, that will be involved in carrying out any of the contractor’s obligations under the contract or will receive a benefit under the contract,
the date on which the contract became effective and the duration of the contract,
particulars of the project to be undertaken, the goods or services to be provided or the real property to be leased or transferred under the contract,
the estimated amount payable to the contractor under the contract,
a description of any provisions under which the amount payable to the contractor may be varied,
a description of any provisions with respect to the renegotiation of the contract,
in the case of a contract arising from a tendering process, the method of tendering and a summary of the criteria against which the various tenders were assessed,
a description of any provisions under which it is agreed that the contractor is to receive payment for providing operational or maintenance services.
This Act’s bill:Explanatory memorandumSecond reading speech
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