Small consultancies will benefit from new regulations in Canberra

The federal government’s new procurement rules, which aim to boost the number of contracts awarded to small and medium-sized businesses, have been criticised by the small business lobby as “disappointing”.

The regulations, which came into force on Monday, require agencies to obtain 25 percent. contracts below USD 1 billion and 40 percent jobs under $20 million from local companies with fewer than 200 employees, known as SMEs. Previously, these shares amounted to 20 percent, respectively. and 35 percent