27Register of government contracts valued at $150,000 or more

#### 27 Register of government contracts valued at $150,000 or more 27 Register of government contracts valued at $150,000 or more > > (1) An agency is to keep a register of government contracts (its government contracts register) that records information about each government contract to which the agency is a party that has (or is likely to have) a value of $150,000 (including GST) or more (class 1 contracts). > > > (2) Information about a class 1 contract must be entered in the register within 45 working days after the contract becomes effective. > > > (3) A contract becomes effective— > > > > > (a) when it is entered into by or on behalf of the agency concerned, or > > > > > (b) if the contract contains a provision to the effect that one or more conditions are to be met before the obligations of the parties under the contract are enforceable—when the condition or conditions have been met (and not when the contract is entered into by the agency). > > **s 27:** Am 2012 No 7, Sch 1 \[7\]; 2018 No 89, Sch 1 \[4\].