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Latest Case

Providing strategic advice on expansion structures November 16, 2018

Founded in Bondi Beach in 2012, Bailey Nelson has rapidly grown into a global eyewear retailer and service provider with boutiques in Australia, London, Canada and New Zealand. The strong demand for their products and … Continued

Latest News

Maddocks advises Kidman Resources on its successful $776 million scheme of arrangement September 12, 2019

Thursday 12 September The Federal Court has today approved the $776 million acquisition of Kidman by Wesfarmers by way of a scheme of arrangement. Maddocks has advised Kidman over its growth story, from tenement acquisitions, … Continued

Latest Article

Legislation update – State Taxation Amendment Act (2019) September 17, 2019

In addition to the changes to the economic entitlement rules, the State Taxation Acts Amendment Act (2019) introduced a number of other changes to duties, land tax, payroll tax and land valuations which developers should be … 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