DTF's Guide for the Acceptance of Performance Bonds by Public Sector Entities provides recommended prudential criteria and documentary requirements to be considered by a public sector entity prior to its acceptance of a performance bond from an issuer, where the public sector entity has determined that a performance bond is required.
The recommendations are not mandatory and are solely intended to provide guidance to public sector entities
Guide for the acceptance of performance bonds by public sector entities (145 KB PDF) | (156 KB DOC)
The Guide includes a recommendation that performance bonds only be accepted from banks or insurers that meet a minimum credit rating. To assist users of the Guide, we have prepared a listing of Australian Prudential Regulation Authority (APRA) regulated banks and insurance companies that meet the recommended minimum credit rating.