The local industry policy must be consistent with the following—
(a) the obligations of the State under any conventions, treaties or other international agreements to which the Commonwealth is a party;
(b) any policies, standards, notifications, directions or other requirements relevant to the procurement activities of an agency or GOC, including under the following—
(i) the Financial Accountability Act 2009;
(ii) the Government Owned Corporations Act 1993;
(iii) the Public Service Ethics Act 1994.