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Regulations

Energy Action (Australia) Pty Ltd ABN 23 103 365 199, (trading as EAX) has an Australian Financial Services Licence (“AFSL”) issued by the Australian Securities and Investments Commission (“ASIC”) to provide advice.
This licence can be viewed by following this link to the ASIC Website (AFS Licence number 362843).

Licensee Summary


Name: ENERGY ACTION (AUSTRALIA) PTY LTD
License Number: 362843
Status: Current
ABN: 23 103 365 199
Commenced: 22/11/2010

 

Addresses


Principal Business Address: Level 5, 56 Station Street, Parramatta NSW 2150
Service Address: Level 5, 56 Station Street, Parramatta NSW 2150

 

Roles


Role: Auditor of FS Licensee
Name: RSM AUSTRALIA PARTNERS
Commenced: 19/02/2020

 

 

License Authorisation Conditions


From Details 24/06/2013

1. This license authorises the licensee to carry on a financial services business to:

(a) provide financial product advice for the following classes of Financial Products

(i) derivatives limited to:

(A) derivates relating to the wholesale price of electricity only;

(ii) derivatives, limited to those where the amount of consideration or the value of the arrangement is ultimately determined or derives from or varies by reference to the value of an instrument, right or obligation that is or relates to:

(A) a carbon unit;

(B) an Australian carbon credit unit;

(C) an eligible international emission unit;

(D) the generation of renewable energy or any other energy efficiency measure, whether it is issued or created in Australia or elsewhere or

(E) the offset or the reduction in the emission of gases into the atmosphere, whether it is issued or created in Australia or elsewhere;

(iii) carbon units;

(iv) Australian carbon credit unit; and

(b) deal in a financial product by:

(i) applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of
products:

(A) derivatives limited to:

(1) derivatives relating to the wholesale price of electricity;

(2) other derivatives which are entered into for the purpose of managing a financial risk that arises in the ordinary course of the activities of the person where the person:

(a) is not making a market for any such derivatives; and

(b) is only dealing in any such derivatives on the person's own behalf;

(3) ancillary services as defined under the National Electricity Rules made in accordance with the National Electricity Law as set out in the schedule to the National Electricity (South Australia) Act 1996 (SA);

(B) derivatives, limited to those where the amount of the consideration or the value of the arrangement is ultimately determined or derives from or varies by reference to the value of an instrument, right or obligation that is or relates to:

(1) a carbon unit;

(2) an Australian carbon credit unit;

(3) an eligible international emission unit;

(4) the generation of renewable energy or any other energy efficiency measure, whether it is issued or created in Australia or elsewhere; or

(5) the offset or the reduction in the emission of gases into the atmosphere, whether it is issued or created in Australia or elsewhere;

(C) carbon units;

(D) Australian carbon credit units; and

(E) eligible international emissions units; to wholesale clients.

From Details 28/11/2012

1. This licence authorises the licensee to carry on a financial services business to:

(a) provide financial product advice for the following classes of financial products:

(i) derivatives limited to:

(A) derivatives relating to the wholesale price of electricity only;

(ii) derivatives, limited to those where the amount of the consideration or the value of the arrangement is ultimately determined or derives from or varies by reference to the value of an instrument, right or obligation that is or relates to:

(A) a carbon unit;

(B) an Australian carbon credit unit;

(C) an eligible international emission unit;

(D) the generation of renewable energy or any other energy efficiency measure, whether it is issued or created in Australia or elsewhere; or

(E) the offset or the reduction in the emission of gases into the atmosphere, whether it is issued or created in Australia or elsewhere;

(iii) carbon units;

(iv) Australian carbon credit units; and

(v) eligible international emissions units; and

(b) deal in a financial product by:

(i) applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

(A) derivatives limited to:

(1) derivatives relating to the wholesale price of electricity;

(2) other derivatives which are entered into for the purpose of managing a financial risk that arises in the ordinary course of the activities of the person where the person:

(a) is not making a market for any such derivatives; and

(b) is only dealing in any such derivatives on the person's own behalf;

(3) ancillary services as defined under the National Electricity Rules made in accordance with the National Electricity Law as set out in the schedule to the National Electricity (South Australia) Act 1996 (SA);

(B) derivatives, limited to those where the amount of the consideration or the value of the arrangement is ultimately determined or
derives from or varies by reference to the value of an instrument, right or obligation that is or relates to:

(1) a carbon unit;

(2) an Australian carbon credit unit;

(3) an eligible international emission unit;

(4) the generation of renewable energy or any other energy efficiency measure, whether it is issued or created in Australia or
elsewhere; or

(5) the offset or the reduction in the emission of gases into the atmosphere, whether it is issued or created in Australia or elsewhere;

(C) carbon units;

(D) Australian carbon credit units; and

(E) eligible international emissions units;
to wholesale clients.

From Details 22/11/2010

1. This licence authorises the licensee to carry on a financial services business to:

(a) provide financial product advice for the following classes of financial products:

(i) derivatives limited to:

(A) derivatives relating to the wholesale price of electricity only; and

(b) deal in a financial product by:

(i) applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

(A) derivatives limited to:

(1) derivatives relating to the wholesale price of electricity;

(2) other derivatives which are entered into for the purpose of managing a financial risk that arises in the ordinary course of the activities of the person where the person:

(a) is not making a market for any such derivatives; and

(b) is only dealing in any such derivatives on the person's own behalf;

(3) ancillary services as defined under the "National Electricity Code" issued by the Electricity Code Administrator Limited;
to wholesale clients.

 

Further information relating to this Licensee may be purchased from ASIC.

To find out more about the regulatory environment in Australia and what it means for consumer protection, visit the ASIC website.

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