STC - Assignment Form (Formerly RECs)

Assignor Details	
Title:      	Given Name:      	Surname:      	
Company Name:	ABN:      	
Address:      	
Suburb/Town:      	Postcode:      	
Phone (H):       	Mobile:      	Phone (W):      	E-mail:      	
System Installation Address      	
 As Above            	Address:      	
Suburb/Town:      	Postcode:      	
Phone (H):       	Mobile:      	
Installers Details	
Title:      	Given Name:      	Surname:      	
Company Name:      	ABN:      	
Address:      	
Suburb/Town:      	Postcode:                  	
Phone (H):       	Mobile:      	Phone (W):      	E-mail:      	
Installation Type	
 New Home (Go to next section - Details of New System)          New Commercial System (Go to next section - Details of New System) OR	
         OR	
Replacement of existing Hot Water System       Solar              Gas              Electric              Other      	
Old brand replaced:      		Old tank Size:       litres	Old tank serial number:      	
If replacing a Solar System, the number of Collectors replaced:      	Were any RECs/STCs claimed for the original Solar System?:   Yes         No	
Details of New System	

 Rinnai Integrated Electric Heat Pump

Model: RIN250EHP
	 Rinnai Split System Electric Heat Pump

Heat Pump Model: EHP32 & Tank Model: HPST265	
Tank Serial Number:      	 Single Story                   Multi Story	
Date of Installation:      	Number of STCs:      	
Compliance Paperwork Provided (Compulsory)		
 Plumbing Certificate of Compliance	 Proof of Purchase (Invoice)	 Date Stamped Photograph of Data Plate including Serial Number	
Payment	
 STC amount credited to (Business Name):       	 Direct Credit 	
Direct Credit Authority (if applicable)	
 Please direct credit my nominated bank account (Note: Credit Cards cannot be processed)	
Account Name:      	Bank:  	
BSB No: (Max 6 digits)	     	     	     	-	     	     	     	Account No: (Max 9 digits)	     	     	     	     	     	     	     	     	     	
Terms of Assignment	
Please refer to the Terms and Special Requirements, and the Declaration on the following pages. 
Your STC assignment cannot be processed by Rinnai until this form has been completed, the Declaration signed, and the document returned to us at the address on the final page. 
This form must be completed by the Assignor and received by Rinnai within 10 months of the date of installation.	

Introduction

A.	The owner of a heat pump water heater system (“HPWH”) at the time of its installation may be entitled to create Small-Scale Technology Certificates (“STCs”) relating to that installation, where:
i.	the installation meets all of the requirements prescribed by the Renewable Energy (Electricity) Act 2000 and the Renewable Energy (Electricity) Regulations 2001, as amended from time to time (collectively referred to as the  “RE Legislation”);
ii.	the HPWH is a complete model, registered on the ‘Register of Solar Water Heater/Heat Pumps models’ (“SWH Register”) as at the date of this agreement (refer to  http://ret.cleanenergyregulator.gov.au/);
iii.	the HPWH has been installed within the eligibility period for the particular model (as detailed on the SWH Register); and
iv.	the HPWH was installed no more than 12 months prior to creation of the STC. 
B.	A person with a right to create an STC may choose to either: 
i.	assign in writing that right to any other person, such as an entity recorded on the “Register of Registered Persons (refer to https://www.rec-registry.gov.au); or
ii.	seek registration with the Clean Energy Regulator (“CER”), before entering the STCs on the REC Register (refer to https://www.rec-registry.gov.au) and thereby: 
(a)	sell the registered STCs to a purchasing third party; or 
(b)	use the CER managed STC Clearing House to sell the registered STC.
C.	STCs cannot be created for a HPWH of a volumetric capacity greater than 425 Litres.
D.	The entitlement to create an STC arises from the installation of a HPWH when that installation meets the eligibility requirements above, regardless of whether the HPWH is installed in a new or an existing building, or whether the HPWH replaces or is additional to any type of existing water heater. If a person or organisation owns more than one eligible HPWH installation, then they may be entitled to create STCs for each of those eligible installations. 

Terms and Special Requirements

PLEASE READ CAREFULLY
1.	The person or business recorded as the Assignor (“the Asssignor”) on the attached “STC Assignment Form” or the “Small-Scale Technology Certificate Assignment Form for Multiple Hot Water Installations Form” warrants and represents to Rinnai Australia Pty Ltd (“Rinnai”) that as at the date of this form:
(a)	it has the irrevocable authority to assign to Rinnai Australia Pty Ltd the right to create any and all STCs arising from the installation of the HPWH detailed on the attached STC Assignment Form; or Small-Scale Technology Certificate Assignment Form for Multiple Hot Water Installations (the “Installed Systems”); 
(b)	it holds the exclusive entitlement to the right to create STCs arising from the Installed Systems, whether as owner of the installed HPWH or by valid prior assignment;
(c)	no STCs arising from the Installed Systems have been previously created or registered; and 
(d)	any STCs assigned herewith are free and clear of any legal or beneficial interest, or of any security interest, claim, lien or encumbrance of any kind in favour of any other person.
2.	Where the Assignor was not the owner of the Installed Systems at the time of its installation, the Assignor warrants to Rinnai Australia Pty Ltd that it has obtained all necessary consents and/or assignments from that owner for the rights to create all STCs arising from that installation.   
3.	By signing this form, the Assignor hereby offers to assign to Rinnai Australia Pty Ltd the whole of its rights to create any STCs arising from the installation of the Installed Systems in exchange for the following valuable consideration:
(a)	an amount calculated by reference to the number of STCs arising from the installation, multiplied by the current market price of STCs at the time of registration, as advised by Rinnai Australia Pty Ltd; or
(b)	where a collateral contract exists with Rinnai Australia Pty Ltd, a similar payment by way of credit or cheque, equal to the value of the STCs that will result from the installation of a Installed Systems.
4.	Any offer of assignment to Rinnai Australia Pty Ltd of the right to create STCs arising from the Installed Systems will only be deemed accepted upon Rinnai Australia Pty Ltd successfully registering the STC on the REC Register, and no payment is owed by Rinnai Australia Pty Ltd to the Assignor prior to acceptance. 

5.	Any payment by Rinnai Australia Pty Ltd to the Assignor for the assignment of its right to create STCs is inclusive of GST (as defined and calculated in A New Tax System (Goods and Services Tax) Act 1999 as amended). 
6.	Rinnai Australia Pty Ltd reserves the right to refuse, for any reason, any offer of assignment of the right to create any STCs.   
7.	If, for any reason or at any time, the accepted assignment in paragraph 4 above is found to be invalid, or if Rinnai Australia Pty Ltd is unable to both create and register the STCs, then no payment will be made or owed by Rinnai Australia Pty Ltd to the Assignor. Further, the Assignor agrees that it will promptly reimburse Rinnai Australia Pty Ltd the full amount of any payment made by Rinnai Australia Pty Ltd to the Assignor for an invalid assignment or unregistrable STC.
8.	The Assignor hereby indemnifies Rinnai Australia Pty Ltd for any loss or damages which Rinnai Australia Pty Ltd suffers, incurs or for which it is held liable in connection with these Terms and Special Requirements, and/or in connection with any assignment of rights in respect of the Installed Systems, and such indemnity is enforceable upon demand by Rinnai Australia Pty Ltd.
9.	In certain circumstances a site audit of the installation of the Installed Systems may be required by Rinnai Australia Pty Ltd or the CER.  In such instances and upon request by Rinnai Australia Pty Ltd, the Assignor agrees to promptly provide to Rinnai Australia Pty Ltd a photograph of the information sticker adhered to the tank of the Installed Systems.  (Alternatively, a photograph of the information sticker may be submitted with this form).
10.	The Assignor agrees to take all reasonable steps necessary to assist Rinnai Australia Pty Ltd and/or its agents to verify the installation of the Installed Systems, as required by the CER. 
11.	The Assignor agrees and acknowledges that:
(a)	once assigned to Rinnai Australia Pty Ltd, the Assignor has no further entitlement to create further STCs in relation to the Installed Systems; 
(b)	it cannot withdraw its assignment of the right to create STCS in respect of the Installed Systems once Rinnai Australia Pty Ltd has uploaded the STCs to the REC Registry; 
(c)	the value of the STCs is determined by the market supply and demand. The value of each STC will depend on market prices at the time Rinnai Australia Pty Ltd confirms receipt of the Assignor’s offer to assign the rights to create STCs arising from the Installed Systems.
12.	Rinnai Australia Pty Ltd reserves the right to amend these Terms and Special Requirements at any time.
DECLARATION	

I, the undersigned Assignor, DECLARE THAT:
1.	I have read, understood and agree to be bound by the preceding Terms and Special Requirements. 
2.	All of the information provided by me on this form, including any attachments, is true, correct and complete.
3.	I am aware that penalties can be applied for providing misleading information in this form under the Renewable Energy (Electricity) Act 2000.

__________________________ 	________________________		_________________
	Assignor name			      Assignor Signature				Date	

Privacy Declaration
All personal details collected on this form are primarily collected for the express purpose of Rinnai Australia Pty Ltd acquiring accurate details so that it can make the appropriate payment to the Assignor in respect of the Assignor’s assignment of the right to create STCs arising from the installation of the Installed System; Rinnai Australia Pty Ltd advises that all personal information held by it will be held in accordance with the Privacy Act 1988 (Cth). Rinnai Australia Pty Ltd will not release any personal information that is contained on this form to any third party other than the CER for the creation of the STCs and for its own legal compliance purposes, including but not limited to, a CER site audit of an HPWH installation. 

Disclaimer
The information contained on this form is correct at time of printing, but subjected to change without notice. We strongly recommend that you always check the Government website - http://ret.cleanenergyregulator.gov.au at the time of purchase of the Installed System.
06/15                  15401086C	
Rinnai Australia Pty Ltd          ABN 74 005 138 769	

PO Box 460 Braeside VIC 3195  Ph: (03) 9271 6601  Fax: (03) 9587 8579