The multi-billion dollar flow of taxpayer funds to small business contractors will come under investigation by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), as the federal government attempts to lock in its new small business procurement target.
Finance Minister Katy Gallagher has tapped the ASBFEO to lead a new inquiry into the updated Commonwealth Procurement Rules, and whether they are opening new opportunities for SMEs to obtain government contracts.
The CPRs were updated in July 2022 to lift the federal government’s small business procurement target from at least 10% of government contracts, by value, to 20%.
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Senior Business Journalist
Focused on the small business sector, David’s work covers the political, regulatory, and economic issues facing Australian entrepreneurs. Prior to joining SmartCompany, he was a reporter for Business Insider Australia. You can follow him on LinkedIn.
