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Enron Mail |
Attached is the revised GTCs that address taxation issues for non-Australian
resident counterparties. These GTCs have received tax clearance and hence all approvals have now been given to allow them to be loaded. Enclosed also are the procedures that need to be followed when new counterparties are being considered. To date we have been vetting potential counteparties in the Sydney office. I suggest that the procedures be made available to anyone else who may be given this responsibility. One new matter has come to light. In July 2000 with the introduction of GST in Australia new legislative arrangements will come into place. They will require businesses to have an "ABN". It has been suggested that we amend the password application to request the counterparty's ABN.
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