Commonwealth entities cannot sign public consultancy contracts worth more than $2 million without a Committee report and parliamentary approval.

The Committee must investigate and report on these contracts to both Houses of Parliament.

The Minister must give the Committee the contract's purpose; they must also explain why a consultant is being used.

Parliament can block a contract by resolving to disapprove it within five sitting days of the report.

Both Houses can send a contract back to the Committee for further review before it is signed.

The Minister can bypass these rules by declaring a contract is urgent in writing.

Parliament can exempt a specific contract from these rules; the Minister must then table a statement explaining why.

The Parliament will create the Parliamentary Joint Committee on Public Consultancy and Services Contracts.

Commonwealth entities cannot sign a public consultancy contract worth more than $2 million unless a Committee report is given to both Houses of Parliament and approved.

Commonwealth entities cannot sign a public consultancy contract if either House of Parliament votes to disapprove it.

The Minister can let a Commonwealth entity sign a contract worth more than $2 million without Committee review if the contract is urgent. To do this, the Minister must tell the Committee in writing and get written consent from the Committee's Chair and Deputy Chair.

The Minister must give Parliament a copy of any urgency declaration and the reasons for it within 5 sitting days.

The Parliamentary Joint Committee on Public Consultancy and Services Contracts must review and report on consultancy contracts referred to it by the Minister or either House of Parliament.

The Minister must give the Committee details for every referred contract, including what the contract is for, how long it will last, which entity is using it, and why a consultant is needed.