Welcome to today’s webinar How to use AusTender to take part in an Emissions Reduction Fund auction The webinar will commence at 1.00pm (AEDST). Please remember to phone 1800 896 323 and enter your participant code 47918003# to hear the presenter.
4 steps to the ERF 2
Establishing a contract Common terms Commercial terms project details 1. Auction conditions precedent qualification Indicative volume 4. Contract 2. Auction commences registration Establish contract Delivery terms particular auction delivery schedule contract expiry date 3. Auction Authorised Financial terms participation bidder bid
Authorised bidder • Participants can nominate an authorised bidder to submit a bid on their behalf • On lodgement, the authorised bidder declares that they have the “legal capacity and authority to bind the participant to the bid” • Authorised bidder form > Appoint/change/remove authorised bidder 4
Auction participation • You participate at auction via AusTender • You access AusTender & register as a new user • You have one bid per contract • You submit bid form via AusTender > contract identifier > bid amount • You will be notified in 5 business days – contract commences automatically if successful 5
AusTender • Create an AusTender account ( www.tenders.gov.au ) • Access the auction (restricted ATM) > Clean Energy Regulator will provide ATM-ID and passcode 6
AusTender • Download auction bid form from AusTender during bidding window > (9am 15 April - 5pm 16 April AEST) • Lodge auction bid form during bidding window • Bid lodgement receipt • Withdraw auction bid form and process 7
Auction bid form (financial terms) • Third part of contract process • Available in AusTender during bidding window • Needs to be lodged in AusTender during bidding window • Auction bid form > Contract ID > Unit price > Contract date (prepopulated) > Sign 8
Auction guidelines • Determining successful bids • Eligible bid requirements • Auction withdraw form • Bidder obligations 9
Auction notification and information publication • Each participant and authorised bidder will be notified within 5 business days of the auction (23 April). • Clean Energy Regulator: > may publish summary information (e.g. volume weighted average price) > will publish aggregated data > will not publish confidential commercial information • ERF register 10
The first auction – key dates • Auction qualification submissions 20 March > Tomorrow • Auction registration and authorised bidder closing date 7 April > 3 weeks to go > 5 business days before auction • Auction window 15 and 16 April 2015 > 4 weeks to go • Auction results, contracts commence 23 April > 5 weeks to go > 5 business days after auction 11
Thank you for participating in today’s webinar More information about the ERF is available at www.cleanenergyregulator.gov.au You can also email enquiries@cleanenergyregulator.gov.au or phone 1300 553 542.
Recommend
More recommend
