VEET scheme registry accounts

From 1 November 2023, people who hold, transfer and surrender VEECs will first be required to obtain a VEET Scheme Registry Account. This includes accredited persons, relevant entities and other parties that hold or transfer VEECs (e.g. traders). 

However, if you were holding VEECs on 1 November 2023, you have one year to obtain your registry account. We will support this process.

To apply, you will need to provide information about you or the organisation seeking the account, and a declaration and supporting details that you are a ‘fit and proper person’ to hold a registry account. 

How to apply for a VEET scheme registry account

Accredited persons

Accredited persons must apply for a VEEC scheme registry account between 1 November 2023 and 1 November 2024. The application for a registry account should completed as part of or after your accreditation or renewal of accreditation application. 

Accredited persons can do this by: 

Option 1: selecting the option to apply for a VEET scheme registry account in their renewal application form.

or

Option 2: completing the following steps following the approval of their accreditation renewal application, to:

1. login to your VEU account:
2. click on “New Accreditation" and select “application for VEET scheme registry account”
3. review and complete the “fit and proper person” declaration.

Your accreditation status will be verified and you will be notified of the outcome of your application. Given you are already assessed against ‘fit and proper’ criteria as part of your accreditation application this is a streamlined process and there will be no fee.

Energy retailers and VEEC traders

Existing VEU account holders

Existing VEU account holders (including relevant entities and traders) must complete the following steps between 1 November 2023 and 1 November 2024 to apply for a VEET scheme registry account. 

We will provide further communications, guidance and support over this time, including options for organisations that have already been assessed under an equivalent ‘fit and proper person’ scheme.

To apply for a VEET scheme registry account:

1. Download the VEET scheme registry account application form.
2. Follow the instructions on the form. You will be required to provide information to satisfy the new “fit and proper person” requirement.
3. Login to your VEU account and:
   • click on ‘New Accreditation’ and select ‘application for VEET scheme registry account’
   • upload your completed application form and required supporting documents and select ‘submit’
   • you will receive an email confirming receipt of your application.
4. You will be invoiced the $2000 application fee, which you must pay for your before your application will be assessed (a waiver may be available for REs).
5. Respond to any requests for further information by the specified date.
6. You will be informed in writing of the outcome of your application.

New account applicants

From 1 November 2023, new applicants can apply for a VEET scheme registry account by completing the following steps:

1. Open a VEU account.
2. Download the VEET scheme registry account application form. 
3. Follow the instructions on the form. You will be required to provide information to satisfy the “fit and proper person” requirement.
4. Login to your VEU account and:
   • click on ‘New Accreditation’ and select ‘application for VEET scheme registry account’
   • upload your completed application form and required supporting documents and select ‘submit’
   • you will receive an email confirming receipt of your application.
5. You will be invoiced the $2000 application fee, which you must pay before it be assessed.
6. Respond to any requests for further information by the specified date.
7. You will be informed in writing of the outcome of your application.

Other important information

Existing VEEC holders must either apply for a VEET scheme registry account or transfer or surrender any VEECs held before the end of the transition period on 1 November 2024.