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
Performance Bonds Guide - updated December 2006 (81 kb PDF)
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.
APRA list - May 2009 (15 kb PDF)
