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Auction suspension and cancellation

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16 August 2016

We may suspend or cancel an auction that is scheduled or in progress if we believe, on reasonable grounds that an auction cannot continue, or be conducted, in a fair and orderly manner. Such circumstances may include, but not be limited to:

  • a fault or malfunction in the auction processing system, or another system operated by the Clean Energy Regulator
  • a circumstance that compromises the integrity of the auction process
  • a failure or suspected failure by participant or an authorised bidder to comply with the auction guidelines
  • a failure or suspected failure by a participant or an authorised bidder to comply with the direction given by the Clean Energy Regulator relating to the auctions process
  • a breach of, or suspected breach of any of the following that affects the auction or the conduct of participants or authorised bidders:

If we are satisfied that a suspended auction can continue and be conducted in a fair and orderly manner, the auction will be restarted and will continue. If an auction is suspended we will restart or cancel an auction within a reasonable timeframe. If an auction is cancelled, it will be rescheduled and the dates of the rescheduled auction will be published on this website.

For more information see the documentasset:Guidelines for the Fourth ERF auction

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