The Applicant's exemption from the requirement to hold a retailer authorisation under the National Energy Retail Law has now come into effect. The exemption is provided for in the AER's Exempt Selling Guideline and is subject to a number of conditions attached to the R8 class exemption.
You can search for the most recent version of the Exempt Selling Guideline on the Retail guidelines page.
Applicable conditions for R8 class exemption
The R8 class exemption applies to energy sales under PPA agreements to commercial customers, and to residential customers where the duration of the PPA is less than 10 years and the customer is able to terminate the agreement early. Jemena Asset Management Holdings Pty Ltd has advised it will only sell to commercial customers.
Before 11 January 2018, Ovida Pty Ltd was known as Jemena Asset Management Holdings Pty Ltd.