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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 two leading edge tech companies on their capital raisings July 8, 2019

Monday 8 July 2019 Maddocks has advised global video technology company Atomos Limited on the sale of over $27 million worth of shares released from escrow and its raise of an additional $7.5 million by … Continued

Latest Article

Disclosure of confidential information by Commonwealth officers – repeal of section 70 of the Crimes Act 1914 (Cth) July 23, 2019

For more than 50 years, section 70 of the Crimes Act 1914 criminalised the disclosure of confidential information without authorisation by current and former ‘Commonwealth officers’. This extended to unauthorised disclosure by contractors performing services … 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