ABS procurement activities represent an important part of our strategic focus and direction. Procurement of significant items are either purchased through the Commonwealth’s Endorsed Supplier Arrangement or through a competitive process to ensure the attainment of best value for money. The ABS actively applies the Commonwealth’s core purchasing policies and principles, and through this approach ensures participation of Australian and New Zealand enterprises and
The ABS’s operations are supported by a large asset base of internally generated software. Long term strategic planning and judicious management has ensured that these assets have supported the organisation well in achieving its outcomes. The ABS views its information technology assets as another major resource for its business operations, and actively pursues a policy of ongoing management to ensure maximum return from these assets. Furthermore, depreciation management forms an integral part of the organisation’s financial management program. In accordance with government requirements, the ABS revalues all physical fixed assets such as property, plant and equipment on a three year cycle. Assets that have become obsolete, or excess to requirements, are disposed of in a manner consistent with sound disposal practices.
The ABS considers its asset management program to be effective.