12Meaning of notifiable contract—pt 2

12 Meaning of notifiable contract—pt 2 notifiable contract— (a) means a procurement contract with a total consideration, or estimated total consideration, of at least the amount mentioned in subsection (2) (the consideration amount); and Note Contract includes a contract as amended (see dict). (b) includes— (i) a standing-offer arrangement; and

Preliminary Division 2.1 (ii) a contract entered into under a standing-offer arrangement; but Examples—par (ii) an order or a work order (c) does not include a procurement contract of a kind prescribed by regulation. (2) For this section, the consideration amount is— (a) for a standing-offer arrangement—any amount; or (b) for any other procurement contract (including a contract entered into under a standing-offer arrangement)—the amount prescribed by regulation.