Rules and Regulations of the Triple E Dollar (eee$)
Bartering Accounting System
Index
The management of Triple E Dollar bartering accounting undertakes: To always act in a socially and
environmentally responsible manner in the interests of eee$ Bartering Accountholders, in accordance with the following Rules and Regulations of the eee$ Bartering Accounting System.
1. The Membership of the eee$ Bartering Accounting System
1.1. The Membership of the eee$ Bartering Accounting System comes in effect when someone is holding a recognised eee$ Bartering Account by the Triple E Dollar Bartering Accounting Administration for bartering of legal products or services with other eee$ Account Holders.
1.2. A new Membership of the eee$ Bartering Accounting System starts with the acquirement of eee$ by trade with an existing Accountholder of the Triple E Dollar Bartering Accounting System, or by purchasing of available eee$ on the https://www.eeedollars.com/store website, at the indicated eee$ value of that current month.
1.3. The eee$ Bartering Accountholders can only hold a maximum balance of eee$30,000.00 (tolerance 3%) on their eee$ Bartering Accounts so that any Accountholder can’t overload themselves with the anticipated growing barter value of the eee$ and therefore we wouldn’t have enough eee$ in circulation.
1.4. Further in this respect, there is no annual eee$ Bartering Account Membership payment due, as long the Member makes every quarter year at least one buying or selling transaction (in any amount) from or to another eee$ Bartering Account Holder.
The conditional annual Membership payment to the Triple E Dollar Bartering Accounting Administration is not in AUD, it is settled in an eee$ bartering number equivalent of 70.00 Australian dollars, transferred in the first three months of every new calendar year. This applies only if no quarter yearly eee$ transaction was made in the last calendar year.
1.5. The Rules and Regulations of the eee$ Bartering Accounting System contained in this document shall be deemed accepted and binding on new Accountholders as well as existing Accountholders (Members) when they accept Triple E Dollars (eee$) as settlement in a lawfully bartering transaction.
2. Valuation of Limited Confirmed Triple E Dollars (eee$)
2.1. The Triple E Dollar System limited and confirmed eee$ by the Embedded Environmental Energy Trust (eeeTrust) of one million eee$1,000,000.00 allocated for Bartering Accountholders are related to the three months average trade value set at point-of-sale by the Triple E Dollar Bartering Account Holders.
2.2. The Triple E Dollar Bartering Accounting Administration will set the monthly minimal eee$ bartering value at the end of each month for the coming new month based on the three months average bartering value as shown on the https://www.eeeDollars.com/general-5-3 website.
2.3. The Triple E Dollar Bartering Accounting Administration won’t be able to transfer any eee$ numbers between Buyer and Seller if it appears to be below the past three months eee$ bartering value as indicated on the https://www.eeeDollars.com/general-5-3 website.
3. The Triple E Dollar (eee$) Bartering Account
3.1. A new eee$ Bartering Account is opened primarily when an existing Accountholder sets an eee$ Transfer Order to a new potential Member by indicating “New Application” on the website. https://www.eeedollars.com/eee-transfer-orders
After review of this procedure by the eee$ Bartering Accounting Administration, a new eee$ Bartering Account will be opened for the new Member.
3.2. The eee$ Bartering Account will show the eee$ transactions of the Accountholder who has executed eee$ as a payment method at their negotiated eee$ value and the resulting credits (positive) or debits (negative) in eee$ numbers.
Also, it shows the System Support and Administration Expenses on transactions based on the past three months average eee$ value. This information is summarised in monthly account statements and sent to each active eee$ Accountholder by email.
3.3. Amounts payable in local currency (AUD) are to be transferred to the eee$ Bartering Accounting Administration within 10 working days from the date of the account statement.
3.4. All eee$ numbers resting on eee$ Bartering Accounts and Statements cannot be claimed in foreign or cash currency from eeeTrust, eee$ Bartering Accounting Administration or their employees and can only be transferred or redeemed with eee$ transfer orders between eee$ Bartering Accountholders.
4. eee$ Transfer Orders
4.1. Any eee$ Accountholder may transfer eee$ figures from their eee$ Bartering Account to other eee$ Accountholders or potential Members with eee$ Transfer Orders set in motion on the website. https://www.eeedollars.com/eee-transfer-orders
If the website can’t be reached, there is also an eee$ Transfer Order offline pdf file available and should be kept by the Accountholders for such an event.
4.2. eee$ Transfer Orders are used as direct settlement only with eee$ for all types of Lawful Products or Services available between eee$ Bartering Accountholders and never below the current 90days average eee$ value shown on the https://www.eeedollars.com/general-5-3 Website.
5. Triple E Dollar System Support and Administration Payments
5.1. The amount of the System Support and Administration Payment is set at 2% and is determined by the eee$ Bartering Accounting Administration operational expenses.
These payments are measured only against the three months average eee$ value of the eee$ bartering transactions made by the Members and not set to the higher eee$ value of the current month.
5.2. These System Support and Administration Payments apply to both parties (Buyer and Seller) in an eee$ bartering trade and must be paid half (50%) in conventional money AUD to the eee$ Bartering Accounting Administration and the other half (50%) will be deducted in eee$ on the next account statement.
Account settlements shall be within 10 working days from the date of the eee$ bartering account statement.
6. eee$ Bartering Account Statements
6.1. A monthly eee$ Bartering Account Statement will be emailed to all active eee$ Bartering Accountholders. It shows the eee$ amounts debited and credited from the previous month.
6.2. The eee$ Bartering Account Statement also includes the calculation of the System Support and Administration Payments.
7. Settlement of Outstanding eee$ Bartering Amounts
7.1. Outstanding eee$ Bartering Amounts (negative balance) on eee$ Accounts will either be settled by eee$ Transfer Orders with bartering products or services to other Accountholders or paid in AUD to the Triple E Dollar Bartering Accounting Administration at the current eee$ bartering ratio as published on the https://www.eeedollars.com/general-5-3 website.
8. Bartering Account Balances and eee$ Numbers in Circulation
8.1. eee$ Bartering Account Balances and eee$ numbers within the system are supported by the willingness of eee$ Bartering Account Members to settle with eee$ Transfer Orders and are protected by the Rules and Regulations of the eee$ Bartering Accounting System under the supervision of the eee$ Bartering Accounting Administration.
8.2. eee$ barter transactions are based on the seller's local currency to a fair market value and can only be made with eee$ Transfer Orders created at the website. https://www.eeedollars.com/eee-transfer-orders
9. Value Added Tax (VAT, Sales Tax or GST)
9.1. Value Added Taxes, such as GST, will apply to the eee$ figures at the current monthly fair market value set between merchants, on the same billing basis as paid for with conventional money AUD of sales by merchants (Sellers).
10. Duration of the eee$ Bartering Account Membership
10.1. Either party may request termination of the eee$ Bartering Account Membership in writing, the notice period of the termination is one month. During this period, the eee$ Bartering Account Numbers must be balanced to zero (0.00). However, the eee$ Bartering Account Membership Payment for the current year must be paid. (If applicable see clause 1.4 above)
10.2. Outstanding eee$ Bartering Account Balances (negative balance) on the accounts shall be settled by eee$ Transfer Orders with products and services transferred to other eee$ Bartering Account Members or paid in AUD at the current eee$ value to the eee$ Bartering Accounting Administration.
10.3. eee$ Bartering Account Balances and the amounts on eee$ Transfer Orders cannot be claimed from the eee$ Bartering Accounting Administration or its employees. These amounts can only be settled by eee$ Transfer Orders with other eee$ Accountholders prior to termination of eee$ Bartering Account Membership.
10.4. Unpaid amounts and obligations will remain after the termination of the Triple E Dollar Bartering Accounting Membership.
11. Legal Position
11.1. If any part of the Rules and Regulations of the eeeTrust Triple E Dollar Bartering Accounting System is challenged and held invalid by any court or authority, the remaining Rules and Regulations of the eeeDollar System will not be affected.
11.2. The policies and the provisions of the eee$ Bartering Accounting System are subject to the legislation of the registered office of the eee$ Bartering Accounting Administration.
11.3. In the event of any disagreement regarding the implementation of this eeeTrust Triple E Dollar Bartering Accounting System, the legislation of the registered office of the Embedded Environmental Energy Trust (eeeTrust) shall apply.
Link to the Bartering Account Application Form