Displaying items by tag: sovereign prime contractor companies

• New definition of Australian business will help government accurately direct policies involving government procurement.
• Updated guidance on Broader Economic Benefits in Procurement considerations will help Government better understand the positive economic impacts generated from government expenditures with industry.

COMPANY NEWS: The Sovereign Australian Prime Alliance (SAPA) congratulates the Albanese Government on its announcement of much needed reforms to the Commonwealth Procurement Rules to define an Australian business, in the context of the Commonwealth procurement framework as:

a. “a business, including any parent business, that:
     i   has 50% or more Australian ownership or is principally traded on an Australian equities market; and
     i i is an Australian resident for tax purposes; and
b. is a business that has its principal place of business in Australia.”