Australian Capital Territory Numbered Acts

GOVERNMENT PROCUREMENT AMENDMENT ACT 2012 (NO. 11 OF 2012) - SECT 7

substitute

Example

The consideration for a contract between the Territory and Acme Pty Ltd for the supply of road runner retention devices is $240 000.

If, for example, a regulation prescribes an amount of $25 000 for par (a) (ii), the minimum value for notification of an amendment, or a series of amendments, of the contract is $25 000 because this amount, under par (a), is greater than 10% of the value of the contract. The contract is amended on 1 January, 1 March and 1 June.

The 1st and 2nd amendments are for $23 500 each. While neither amendment is separately notifiable, the total of the 2 amendments is $47 000 and after the 2nd amendment (ie 1 March) each of them becomes a notifiable amendment. When the 2 amendments are notified on the register, the 2 amendments cannot be counted towards any other notifiable amendment. They increase the total consideration for the contract to $287 000.

The 3rd amendment is for $27 000. It is not a notifiable amendment because, even though it is more than $25 000, it is less than 10% of the total consideration for the contract as amended by all previous notifiable amendments, ie $28 700.