The Government Information (Public Access) Act NSW at Div 5 requires the University to maintain a publicly available Register of Contracts to which it is a party and which has, or is likely to have, a value of $150,000 or more.
The contracts that are required to be reported are those in which a party agrees to:
Undertake a project, (for example: construction, infrastructure or property development);
the provision of specific goods or services, (for example: information technology services);
transfer real property to another party in the contract;
Please note that contracts of employment are excluded from reporting.
The Act identifies three classes of contracts. Most contracts entered into by the University following the usual tendering process will be Class1 contracts. Class 2 contracts are generally those where there has not been a tender process and have a value of less than $5 million. Class 3 contracts are those with a value of more than $5 million.
For full details of the requirements refer to Division 5 of the Act.