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Enron Mail |
David in respect of changes to GTC to address tax issues from payments
directed outside we are awaiting comments from Price Waterhouse. We have given this work a priority and will keep you posted. I would also want to ensure we have addressed the procedural issues as to how settlements will be effected for parties who are not recognised under the industry settlement system. On the second point the criteria to be applied it is as previously advised. We must make sufficient enquiries to ensure that the proposed counterparty is creditworthy and that it is trading as a principal. Presumably we would also want to make some determination as to the ability enforce an Australian judgment in a jurisdiction where the counterparty has assets. Under the GTC Australian law and courts are designated. David Forster@ECT 03/21/2000 04:29 AM To: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Arfan Aziz/LON/ECT@ECT, Mario Parra Cardoso/Corp/Enron@Enron Subject: Tax Amendments to GTC Heidi/David, Please notify me as soon as you are able to determine: 1) Whether or not we need to amend the GTC. 2) What criteria will need to be applied to companies outside Australia who wish to trade Australian Power. As soon as we have settled the above, I'd like to open up the foreign profiles to Australian Power. Thanks, Dave
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