Examples of Black Economy Procurement Connected Policy in a sentence
Statement of Tax Record or STR Has the meaning given in the Black Economy Procurement Connected Policy.
For the purposes of the Contract, an STR is taken to be: satisfactory if the STR states that the entity has met the conditions, as set out in the Black Economy Procurement Connected Policy, of having a satisfactory engagement with the Australian tax system; and valid if the STR has not expired as at the date on which the STR is required to be provided or held.
The Black Economy Procurement Connected Policy – Increasing the Integrity of Government Procurement – March 2019, as amended from time to time.
Note to drafters: This clause 3.4 must be used when a procurement is subject to the Black Economy Procurement Connected Policy.
Note to tenderers: The Black Economy Procurement Connected Policy imposes obligations on the Commonwealth to obtain satisfactory and valid STRs from tenderers.
The Black Economy Procurement Connected Policy – Increasing the Integrity of Government Procurement – March 2019.
For the purposes of the Subcontract, an STR is taken to be: satisfactory if the STR states that the entity has met the conditions, as set out in the Black Economy Procurement Connected Policy, of having a satisfactory engagement with the Australian tax system; and valid if the STR has not expired as at the date on which the STR is required to be provided or held.
Black Economy Procurement Connected Policy Clause 18.15 does apply unless the Contract Particulars state that it does not apply.
Further information about the requirements arising under the Black Economy Procurement Connected Policy is available from the Department of Treasury at https://treasury.gov.au/review/black-economy- procurement-connected-policy.The Contractor will be required to obtain and hold copies of satisfactory and valid STRs for any Subcontractors that the Contractor directly engages (i.e. first tier Subcontractors) where the contract value will be over $4 million (inc GST).
Option: This clause must be used when a procurement is conducted by open tender, is subject to the CPRs and has an estimated value over $4 million (inc GST).Note to tenderers: The Black Economy Procurement Connected Policy imposes obligations on the Commonwealth to obtain satisfactory and valid STRs from tenderers.