Financial management

Financial services are provided to the ABCC in an outsourced arrangement by the FWO under the Payroll and Finance Services memorandum of understanding between the two 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. Assets management is given regular and appropriate attention.

Procurement

In line with the principles of the Commonwealth Procurement Rules, all procurement activities undertaken by the ABCC must:

  • represent value for money;
  • encourage competition;
  • make efficient, effective, economical, and ethical use of resources; and
  • be accountable and transparent.

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, www.tenders.gov.au. Any purchase greater than $10,000 (including GST) is reported on AusTender in accordance with the Commonwealth Procurement Rules.

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's website at www.finance.gov.au/procurement/statistics-on-commonwealth-purchasing-contracts.

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 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, www.tenders.gov.au.

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.

The ABCC lists contracts valued at $100,000 or more that have not been fully performed or that had been entered into during the previous 12 months on the ABCC website, www.abcc.gov.au, in accordance with the Senate Order of 20 June 2001.

Consulting services

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, www.tenders.gov.au.

During 2016–17, two new consultancy contracts were entered into involving total actual expenditure of $0.04 million. No ongoing consultancy contracts were carried over from 2015–16.

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.

Contracts

Contracts greater than $100,000

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

Exempt contracts

There was no contract in excess of $10,000 (including GST) or standing offer during the reporting year that was exempt from being published in AusTender on the basis that it would disclose exempt matters under the Freedom of Information Act 1982.

Advertising and market research

No advertising or promotional campaigns were undertaken by the ABCC during the reporting year.

No suppliers provided advertising and market research services during the reporting year.