The purpose of this Act is to establish procedures for procurement and the disposal of unserviceable, obsolete or surplus stores and equipment by public entities to achieve the following objectives -
- to maximise economy and efficiency;
- to promote competition and ensure that competitors are treated fairly;
- to promote the integrity and fairness of those procedures;
- to increase transparency and accountability in those procedures; and
- to increase public confidence in those procedures.
- to facilitate the promotion of local industry and economic development.