Australian Capital Territory Numbered Acts

GOVERNMENT PROCUREMENT AMENDMENT ACT 2007 (NO. 11 OF 2007) - SECT 19

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Part 2A     Procurement activities

22A     Procurement principle—value for money

    (1)     A territory entity must pursue value for money in undertaking any procurement activity.

    (2)     Value for money means the best available procurement outcome.

    (3)     In pursuing value for money, the entity must have regard to the following:

        (a)     probity and ethical behaviour;

        (b)     management of risk;

        (c)     open and effective competition;

        (d)     optimising whole of life costs;

        (e)     anything else prescribed by regulation.

22B     Minister may declare procurement matters to be reviewed

    (1)     The Minister may declare the procurement matters for which a procurement proposal must be reviewed by the board.

Examples of declarations

1     procurement matters with the same risk profile

2     procurement matters above a stated value threshold

Note 1     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).

Note 2     Power to make a statutory instrument includes power to make different provision for different classes (see Legislation Act, s 48).

    (2)     A declaration under subsection (1) is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act.

22C     Procurement proposal or activity may be referred to board

The responsible Minister or responsible chief executive officer may refer a procurement proposal or activity to the board for review and advice.