The Australian Government recently released the definition of an Australian business for use within the context of the Commonwealth procurement framework. The purpose of the Australian business definition is to collect information on the participation of Australian businesses in Commonwealth procurement, and to provide a more comprehensive picture on the number of Australian businesses that interact with the Commonwealth procurement framework. This data will also enable and inform targeted engagement with businesses and industry sectors, to help lift their capability to compete for Australian Government contracts.
For more information on the Australian business definition, including guidance to assist businesses with the interpretation of the definition, please visit the Finance website.
