Independent Audit and Risk Committee Member

Supplier’s ABN was new: ABN active 6 days before award. When assessing value for money, the Commonwealth Procurement Rules ask agencies to consider each supplier’s performance history and the relative risk of each proposal. A business with a short record has less history to assess.

Common explanations: A joint venture, partnership or trust set up for one project or lease. A new company formed when an established business restructured or was sold. An Australian subsidiary set up by an established overseas supplier. An ABN cancelled and later reactivated, which the register shows as a new start date.