Federal Spending Explorer

Contract notice CN4156180 · Department of Finance

Electorate Office Lease

$1.8m whole-of-life value, after 1 amendment

+$1.1m (+142.1%) since first published at $742k

Supplier
TOPVEST PTY LTD
Agency
Department of Finance
Procurement method
limited tender
Exemption
App A: 1. Leasing of immovable property or any associated rights.
Term
2018-05-01 to 2029-07-31
Published
2025-06-06
Category (UNSPSC)
80131500
Kind of work
Property and facilities (high confidence) AI-classified
Agency reference
4400075196

Worth a closer look

Published late in a batch: one of 87 late notices the agency published that day. The Commonwealth Procurement Rules require agencies to report contracts on AusTender within 42 days of entering into them. A batch usually means a reporting backlog was cleared at once.

Common explanations: A new agency, or one changed by a machinery-of-government move, publishing contracts it took over. A review that found unreported contracts, followed by a correction. Leases or standing arrangements reported again under new notices.

Value increased after award: +142% on first published value. Agencies must publish amendments that change a contract’s value. Large increases can mean the original scope or price was understated.

Common explanations: Additional work or an extended term agreed after award. Options in the original contract that were later taken up. A correction to a value entered wrongly.

Value by financial year

The total value spread evenly from start to end date. estimate: annualised

Financial yearEstimated amount
2017-18$27k
2018-19$160k
2019-20$160k
2020-21$160k
2021-22$160k
2022-23$160k
2023-24$160k
2024-25$160k
2025-26$160k
2026-27$160k
2027-28$160k
2028-29$160k
2029-30$14k

Published versions

Every version of this notice we have loaded. Source: AusTender OCDS API.

DateVersionValue
2025-06-06original notice$742k
2026-05-20amendment$1.3m
2026-05-20amendment$1.8m