Finance receives six bids for ASIC registry overhaul

The federal government has received six separate bids for a project to upgrade and operate the registry functions of the Australian Securities and Investments Commission (ASIC).

The finance ministry announced it has received quality, indicative bids from six private sector bidders.

Responses to a tender process come from a range of sectors, including ICT, information management and financial investment, and from both domestic and international businesses. A number of consortia have been formed by businesses responding to the tender, the ministry said.

Under the terms of the proposed contract, the commonwealth will retain ownership of the ASIC Registry’s data. The government will also favour proposals that would involve maintaining the registry’s existing operations in Traralgon and the Latrobe Valley area in Victoria.

“While bids are subject to a formal evaluation process, overall the government is pleased with the proposed commitments around Traralgon and the Latrobe Valley area,” the finance ministry said in a statement.

“The government is now considering these bids and will make a decision on any further steps, following the evaluation of indicative bids. The continued strong level of interest shown indicates that there is active and growing private sector interest in building and maintaining contemporary registry systems and improving service delivery in an evolving and dynamic digital environment.”

Image courtesy Huw under CC