The ABCC has a strong commitment to financial management, ensuring effective and efficient use of agency resources. The ABCC has an outsourced arrangement for financial services with the Fair Work Ombudsman and for IT services with the Department of Jobs and Small Business. Both services are delivered using a memorandum of understanding between the agencies.

Assets management

The ABCC's main asset types are leasehold improvements or fit-outs, computer equipment, internally developed software, and office furniture and equipment. All assets are managed and reported in accordance with relevant accounting standards and Commonwealth policies.

Procurement

All purchases by the ABCC are managed in accordance with the Commonwealth Procurement Rules.

Whenever possible, the ABCC accesses existing Australian Government panels or coordinated contract arrangements when procuring goods and services.

All open approaches to the market are advertised on the AusTender website. Any purchase greater than $10,000 (including GST) is reported on AusTender as soon as practicable.

The ABCC supports small business participation in the Commonwealth Government procurement market. Small and medium-sized enterprise and small enterprise participation statistics are available on the Department of Finance website.

The ABCC's procurement and tender practices allow small and medium-sized businesses to compete fairly for the ABCC's procurement requirements. The ABCC's approach to market and tender requirements are such that small and medium-sized businesses are not unduly burdened with costs in any submission to the ABCC. The ABCC procures from a broad range of small, medium and large businesses.

The ABCC has an annual procurement plan outlining expected major procurement activity. This is published on the AusTender website.

All ABCC procurements with an estimated value greater than $80,000 (including GST) are subject to an open approach to the market, except those procurements that meet Commonwealth Procurement Rules conditions for direct sourcing.

In accordance with the Senate order of 20 June 2011, the ABCC lists contracts valued at $100,000 or more, that have not been fully performed, or that have been entered into during the previous 12 months, on the ABCC website.

Consulting services

The ABCC engages consultants where it requires independent research or assessment, specialised or professional skills, or skills currently unavailable within the agency.

Prior to engaging consultants, the ABCC takes into account the skills and resources required for the task, the skills available internally, and the cost-effectiveness of engaging external expertise.

The decision to engage a consultant is made in accordance with the PGPA Act and related regulations, including the Commonwealth Procurement Rules and relevant internal policies.

During 2017–18, four new consultancy contracts were entered into, involving total actual expenditure of $45,467. In addition, one ongoing consultancy contract was active during the period, involving total actual expenditure of $15,000.

Annual reports contain information about actual expenditure on contracts for consultancies. Information on the value of contracts and consultancies is available on the AusTender website.

Table 33 shows the ABCC's expenditure on consultancy contracts for the last three reporting periods.

Table 33: Expenditure on consultancy contracts, 2015–16 to 2017–18

Year Number of consultancy contracts Total actual expenditure
2015–16 12 $344,121
2016–17 2 $41,909
2017–18 5 $60,467

Contracts

Contracts greater than $100,000

No contracts of $100,000 or more (including GST) were let during the reporting year that did not provide for the Auditor-General to have access to the ABCC's premises.

Exempt contracts

No contracts in excess of $10,000 (including GST) were exempted from being published in AusTender.

Advertising and market research

The ABCC did not conduct any advertising campaigns, nor did suppliers provide advertising and market research services during the reporting year.