(1)  A council must publicly invite tenders for any contract it intends to enter into for the supply and provision of goods or services valued at or above $50 000, excluding GST, by one of the following:

(a) an open tender under regulation 24 ;

(b) a multiple-use register under regulation 25 ;

(c) a multiple-stage tender under regulation 26 .

(2)  A council, through a public tender process, may establish a standing contract in which a single tenderer or multiple tenderers may be contracted for a specified period to provide specified goods or services during that period without the need for a further tender process.

(3)  A council must not split a contract into 2 or more contracts for the primary purpose of avoiding compliance with the requirement to publicly invite tenders.

(4)  A council may extend a contract entered into by tender –

(a) as specified in the contract; or

(b) if the contract does not specify extensions, by an absolute majority.

(5)  A council is to report the following in its annual report in relation to any contract for the supply or provision of goods or services valued at or above $50 000, excluding GST, entered into or extended under subregulation (4)(b) in the financial year:

(a) a description of the contract;

(b) the period of the contract;

(c) the periods of any options for extending the contract;

(d) the value of any tender awarded or, if a tender was not required, the value of the contract excluding GST;

(e) the business name of the successful contractor;

(f) the business address of the successful contractor.