The Financial Management Act 1994 is the law that governs goods and services procurement in Victoria.
The law gives the Victorian Government Purchasing Board (VGPB) powers to direct how government organisations buy goods and services.
The law and VGPB policies apply to government organisations. Find out more about who must follow the
The VGPB policies for goods and services procurement
There are 5 policies, covering:
- complexity and capability assessment
- market analysis and review
- market approach
- contract management and disclosure
There are tools and best practice guides to help organisations apply the policies.
The principles that underpin goods and services procurement policies are:
- value for money
Information on how to become VGPB accredited
To find out about the application process for VGPB accreditation, download the
Reviewed 30 October 2018