Are all your REC Registry details up to date?
If you are selling or buying Small-scale Technology Certificates (STCs) in the Clearing House, you need to ensure that your bank details are up to date in the REC Registry.
If your details are out of date, it can cause delays in processing the purchase of STCs, delaying payments to your organisation.
Other REC Registry details also need to be up-to-date and correct, including your account users and account administrators.
What you need to do
Ensure all your account details, particularly your bank details, are up to date for selling or buying STCs through the clearing house.
To ensure smooth processing of future funds it is important that you update your account details before completing any new transactions.
Review your account details
Account name: Your account name can only be updated by us. To update your account name, complete the Change of REC Registry account name form.
Account administrator: If your account administrator has left the organisation, now is the time to update your account administrator details, complete the
Appointing a new account administrator form.
Australian Business Number: Your Australian Business Number (ABN) cannot be updated. If your ABN has changed you will need to apply for a new REC Registry account.
Goods and services tax: Your goods and services tax (GST) details can only be updated by us. To update your GST registration details email cer-ret-registration@cleanenergyregulator.gov.au. Further details about GST is included below.
Bank details: Only account administrators can update bank details. Bank details are required for selling or buying STCs through the clearing house and are only associated with the STC clearing house account type.
Review your user details
Account users: All REC Registry users can update their own contact details including title, first name, surname, physical address and email.
Account administrators: Only account administrators can manage their user's:
- event driven emails
- business area contacts
- broadcast email preferences
- telephone and email contact details
- user permissions
- creating users
- suspending and deleting user access, and
- appointing additional account administrators.
If an employee has left your organisation and no longer requires access to the company's REC Registry account, please remove their access by either deleting the user or suspending their access.
See our REC Registry resources for guidance on how to update user details.
GST Registration
It’s important that sellers in the STC Clearing House have the correct GST details in their REC Registry account before a sale occurs.
If you are a seller who is not registered for GST, the buyer will purchase the certificates for $40 per certificate. However, if you are registered for GST, the buyer will purchase the certificates for $44 per certificate. We strongly recommend that sellers who are registered for GST update their GST details before these transactions occur to ensure the GST amount is applied correctly.
Contact us
If you have any questions or require support, please contact us.