Austraclear Information

All Participants transacting in the Wholesale Electricity Market (WEM) require:

1. A valid AustraClear account in the name of the Participant; or
2. A valid AustraClear account provided by a third party.

AustraClear is provided by the ASX.

The following details the information required by the IMO before a Participant may trade in the WEM.

For a Participant AustraClear Account:

1. The account must be in the registered name of the Participant.
2. The Participant must provide proof of the account to the IMO.
3. The Participant must confirm that the online training for Exigo (the AustraClear system) has been completed.

For a Third Party AustraClear Account:

The use of third-party AustraClear accounts is acceptable in certain circumstances.

This must be approved by the IMO and is subject to the following pre-requisites:

1. the third party must be a Special Purpose Electricity Member or Full Member of AustraClear (unless Associate Membership is granted by AustraClear);
2. the Participant must formally apply to the IMO for approval;
3. as a pre-requisite of approval, the Participant must authorise the IMO to transact with the third party on the Participant's behalf. This authorisation must be in writing, and:
   1. be signed by the participant's directors or under company seal,
   2. include a statement that the Participant:
      1. acknowledges that, notwithstanding approval of the third party to act on the Participant's behalf, the Participant's obligations under the Market Rules remain unaffected, and
      2. will procure the third party to comply with the Participant's obligations under the Market Rules;
   3. detail the Participant's process for resolving situations where the Third Party is not, or may not be, complying with the Market Rules, and
   4. include a statement from the third party, signed by the third party's directors or under company seal, that:
      1. the Participant has explained the obligations under the Market Rules with which the third party must comply, and
      2. the Third Party will comply with these obligations, particularly the obligation under Market Rule 9.22.6 to cause the amount specified in that Rule to be paid via AustraClear before 10am WST on the date specified in that Rule;
4. The Participant must provide proof of the account to the IMO.

Provision of Information to the IMO

All information must be submitted to the IMO at least 5 Business Days prior to the date from which a Participant wishes to participate in the WEM.

Failure to supply the required information within the timeframe required by the IMO may result in the Participant being unable to Participate in Trading via the WEMS, and also may result in Market Generators being unable to receive compensation for energy generated.