IMAA welcomes Government’s new procurement rules, encourages states and territories to follow suit

Kalila Welch

July 27, 2022 9:26

The Independent Media Agencies of Australia (IMAA) has welcomed the Federal Government’s decision to implement new contracting rules that will see government departments and agencies required to source 20% of annual procurement from small and medium enterprises (SMEs).

The new rules came into effect from the 1st of July with the aim of giving SMEs better access to large Commonwealth contracts, worth a total of $70 billion annually. The new SME target of 20% is double what is was previously.

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Kalila Welch

Kalila Welch joined the Mumbrella editorial team in November 2021. She took a brief career break in mid 2023 to complete her Masters of Journalism before returning to Mumbrella for a year.

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