Document background
The Purchase Agency Agreement is essential for businesses operating in Australia that wish to delegate purchasing authority to another party. This document is commonly used when a business needs to appoint an agent to handle procurement activities, whether for a specific transaction or ongoing purchasing requirements. The agreement encompasses crucial elements such as the agent's scope of authority, compensation structure, reporting obligations, and compliance requirements under Australian law. It provides legal protection for both principal and agent while ensuring clarity in their business relationship. The document is particularly valuable for companies expanding their operations, managing remote purchasing activities, or requiring specialized procurement expertise. The agreement must comply with Australian legislative requirements, including the Competition and Consumer Act 2010 and relevant state-specific regulations.
