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Australian federal government to unify business definition for government contracts to promote local firms.
The Australian federal government plans to create a standard definition of an Australian business to enhance local spending on contracts.
Currently, criteria vary across departments, complicating competition for local firms against multinationals.
A consultation paper will seek input on definitions based on factors like business location, tax status, and ownership.
This effort aims to improve transparency in government spending, which totaled nearly $100 billion last year.
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El gobierno federal australiano unificará la definición empresarial de los contratos gubernamentales para promover las empresas locales.