Awarded 20 Mar 2025
This is an awarded contract.
View Live TendersActuarial Services for WA Health Leave Provision Valuation
About
Department of Health (Royal Street) awarded a contract to MERCER CONSULTING (AUSTRALIA) PTY LTD for actuarial services to value WA Health's leave provision balances in accordance with AASB 119 Employee Benefits.
The services included analysis of leave parameters, turnover, usage, and evaluation of casual long service leave liability.
An exemption from the Department of Finance was obtained in March 2025 to engage Mercer, who were not on the new Common Use Arrangement for Audit and Financial Advisory Services at that time, due to their unique knowledge of Health's requirements and systems and the urgency of meeting critical timelines.
This contract highlights the reliance on specialized actuarial expertise for compliance with accounting standards, and the use of exemptions when incumbent suppliers possess unique institutional knowledge.
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