The Act aims to provide for public procurement, and for the retention and disposal of public property in accordance with the principles of good governance, namely accountability, integrity, transparency, and value for money and to promote local industry development, sustainable procurement and sustainable development. The Act was partially proclaimed by way of Legal Notice 150 of 2015.  There have since been three amendments to the Act to date culminating in the proclamation by the President in December 2020. The Regulations were laid in the House of Representatives on July 2nd, 2021. While these Regulations are not yet law, they are subject to the affirmative resolution of the Parliament and will be debated in November 2021.