Skip to main content

Contracts reveal ASIC’s $20 million IT partnership with Accenture

by Paris Cowan •
Subscriber preview

The Australian Securities and Investments Commission (ASIC) has published more than $20 million worth of contracts with Accenture in one day, all of which have been confirmed to relate to a single program of work.

All ten contracts were published on 6 August and cover a range of terms from 26 August 2011 to 23 November 2012.

A spokesperson for ASIC confirmed that all can be traced back to a 12 month deal signed with Accenture in November 2009 for planning stage consultancy services associated with ‘Blueprint Phase Statement of Work Consultations’.

However the spokesperson declined to provide any further detail on the nature of work covered by the contracts other than “all relate to a common tranche of work that Accenture is undertaking for ASIC in relation to projects”.

According to the Commission’s latest Annual Report (2010-11), it deployed the Ringtail evidence management system across its national operations in November 2010 and put in place new financial support systems for the monitoring of budget allocations and expenditure, external revenue and credit card transactions later in the year.

The Council of Australian Governments (COAG) also put ASIC in charge of the establishment and administration of an Australian Business Names Register, as part of its efforts to create a seamless national economy.

Work on the infrastructure required to support the system was underway in 2010-11 and the online register went live on 28 May 2012. However ASIC has not identified any contractors as supporting the implementation through their contract notices on AusTender.

ASIC was also the recipient of one of the largest new ICT allocations in the 2012-13 Federal Budget handed down on 8 May. It was given $43.7 million over four years to “replace its current market surveillance system with an enhanced, integrated system with increased data mining and analysis capacity” said budget papers.

Prior to this latest tranche, ASIC had published just $11 million worth of contracts with Accenture over the past three full financial years (2009-10; 2010-11; 2011-12) according to Intermedium’s Analyse IT tool. Included in this total is a $2.6 million contract signed in August 2010 for consultancy services related to the Commission’s $115 million STAR Program. Funded in the 2007-08 Budget, the program was aimed at modernising ASIC’s legacy IT infrastructure.

It is not known whether any of the recently published contracts are also related to the STAR Program.


Related Articles:

Accenture wins $109 million contract to finish LMBR

Subcontracting opportunities up for grabs in AMSPA led Defence IT market

The numbers crunched: Budget 2012 has more new ICT funding than 2011

Already a subscriber? Sign in here to keep reading

Want more content like this? Contact our team today for subscription options!

  • Stay up-to-date on hot topics in government
  • Navigate your business with executive level horizon outlooks
  • Get deep public sector ICT insights on our Market Watch series
  • Federal
  • IT Services
  • Software
  • Finance & Services
  • Accenture
  • ASIC
  • Australian Securities and Investment Commission (ASIC)
  • COAG
  • Federal Budget 2012-13
  • STAR