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Latest Case

Advising on tech company IPOs July 6, 2018

Silicon Valley-based technology company Pivotal Systems launched an initial public offering (IPO) and listing on the Australian Securities Exchange (ASX) on 2 July 2018. The IPO raised $53.5 million, placing the value of the specialist … Continued

Latest News

Maddocks acts on major mining acquisition July 17, 2018

Tuesday 17 July 2018 Law firm Maddocks has advised Consolidated Mining & Civil Pty Ltd (CMC) on its purchase of 100 percent of Benagerie Gold Pty Ltd, which holds the Benagerie mining lease, from Havilah … Continued

Latest Article

NSW Crown land reforms have commenced – what do local councils need to know? July 18, 2018

The majority of the Crown Land Management Act 2016 (NSW) (the Act) commenced on 1 July 2018. The Act significantly reforms the use and management of Crown land in NSW. This article provides an overview of the key reforms, … Continued

Procure IT v3.2 on the way

3 July 2017

As I mentioned in my earlier blog post, on 26 November 2015 it was announced in the NSW government’s Digital+2016 strategy paper that a new version of Procure IT was anticipated for release ‘in the first quarter of 2016’.

It has now been announced that Procure IT version 3.1 will be retired on 31 August 2017, to be replaced by version 3.2 on and from 1 September 2017. The changes made reflect issues raised by both NSW government agencies and industry, as well as addressing legislative changes and minor drafting issues.

Put briefly, Procure IT is the mandated form of contract under the ICT Services Scheme, the use of which is mandatory for NSW government agencies but discretionary for ‘eligible customers’ in NSW. Those entities may use the ICT Services Scheme to purchase goods and services from the ICT Services Catalogue.

The key changes in version 3.2 have been helpfully summarised on the procurement point website. One of the more interesting amendments is that the parties will now have greater flexibility in agreeing alternative escrow arrangements.

Author:   
Will Shiel Will Shiel 
Senior Associate
61 2 9291 6188
will.shiel@maddocks.com.au

3 July 2017

As I mentioned in my earlier blog post, on 26 November 2015 it was announced in the NSW government’s Digital+2016 strategy paper that a new version of Procure IT was anticipated for release ‘in the first quarter of 2016’.

It has now been announced that Procure IT version 3.1 will be retired on 31 August 2017, to be replaced by version 3.2 on and from 1 September 2017. The changes made reflect issues raised by both NSW government agencies and industry, as well as addressing legislative changes and minor drafting issues.

Put briefly, Procure IT is the mandated form of contract under the ICT Services Scheme, the use of which is mandatory for NSW government agencies but discretionary for ‘eligible customers’ in NSW. Those entities may use the ICT Services Scheme to purchase goods and services from the ICT Services Catalogue.

The key changes in version 3.2 have been helpfully summarised on the procurement point website. One of the more interesting amendments is that the parties will now have greater flexibility in agreeing alternative escrow arrangements.

Author:   
Will Shiel Will Shiel 
Senior Associate
61 2 9291 6188
will.shiel@maddocks.com.au