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Participant and authorised bidder obligations

21 August 2015

Auction participants and authorised bidders must not disclose their bidding strategy or cause an auction to become unfair or disorderly.

We may disqualify a participant or authorised bidder from participating in an auction if the bidding obligations are not met.

A participant or authorised bidder must not disclose their bidding strategy

A participant or authorised bidder must not disclose:

  • a bid
  • a proposed bid or
  • bid-related information that could affect or be capable of affecting the integrity or outcome of an auction.

A participant or authorised bidder is not prevented from disclosing a bid, proposed bid or bid-related information:

  • to the Clean Energy Regulator
  • in the case of the authorised bidder, to their participant
  • to an authorised bidder who is approved, in writing, by the participant to submit an eligible bid on behalf of the participant
  • for the purpose of obtaining finance
  • for the purpose of obtaining legal or financial advice, or
  • if the disclosure is required or permitted under law.

A participant or authorised bidder must not cause an auction to become unfair or disorderly

A participant or authorised bidder must not:

  • act in a manner that disrupts or is likely to disrupt, the fair and orderly conduct of an auction
  • take advantage of a fault or malfunction in the auction bidding platform, or another system operated by the Clean Energy Regulator, or
  • take advantage of any other circumstance that may affect the integrity of an auction.

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