Stockland Aevum Limited - Cardinal Freeman The Residences individual exemption

Sector: 
Segment: 
Status: 
Category: 
Individual exemption
Exemption class: 
Individual exemption (class)
Notice status: 
Current notice
Effective date: 
10/02/2022
Contact: 
General enquiries - Exemptions AERExemptions@aer.gov.au
AER reference: 
AER213092
R0407/16
Registrant/s: 
  • Stockland Aevum Limited / ABN 80 087 648 691
Location: 
Cardinal Freeman The Residences
137 Victoria Street
Ashfield, NSW 2131
Australia

Overview

On 11 January 2022 the Australian Energy Regulator (AER) approved Stockland Aevum Limited's (Stockland) application for an individual exemption from the requirement to hold a retailer authorisation under the National Energy Retail Law at Cardinal Freeman The Residences.

Background

On 1 March 2016 Stockland registered exemption from the requirement to hold a retailer authorisation under the National Energy Retail Law at Cardinal Freeman The Residences, 137 Victoria Street, Ashfield NSW. 

On 21 September 2021 the AER accepted an application from Stockland for an individual exemption to include additional buildings at this site (Glentworth House and Seaview Heights) that were not subject of the exemption registered on 1 March 2016.

Submissions from interested stakeholders on Stockland's application closed on 22 October 2021. No submissions were received.

Variation of exemption

On 6 September 2022, the AER received a request from Stockland Aevum Limited (Stockland) to vary its individual exemption to reflect a new legal name - Levande Pty Ltd / ABN 80 087 647 691. As part of the variation, the AER intends to vary the conditions attached to the individual exemption to reflect the updates made in July 2022 to the conditions set out in its Retail Exempt Selling Guideline. Levande Pty Ltd will be required to develop, implement and maintain an exempt seller hardship policy.

Invitation for submissions

We invite submissions from interested parties on Stockland's individual exemption variation request by close of business 25 January 2023.