About Local Exchange Trading
Fleurieu LETS (also known as LETS South) was established in 1992. At the heart of LETS is the one-on-one exchange between members using the online system developed by the community exchange to record the transactions. Members use Bart$ (1 Bart$ equates to 1 AUD dollar) to exchange and barter for goods and services within the community.
How to join LETS South – membership is free
1. Go to communityexchange.net.au
2. At the top right hand corner select Sign Up
3. On the CES Exchanges Australia page, select Fleurieu LETS (SA)
4. Accept the Terms and Conditions of Use
5. Enter your details and offerings
6. Click Submit
You will need an email address for your registration to be approved. A welcome email will be sent that includes your ID number and information on accessing and managing your online LETS account.
LETS maintains a record of units for the goods and services you provide. You may then use your credits to ‘purchase’ goods and services from other members. You determine the credit value for the goods and services you offer and offers may be valued on units alone or a combination of units and cash.
Credit records are maintained via an electronic system that can be viewed by all members.
The system includes a list of members’ offers and wants. Remember to keep these up to date. All trades are initiated by direct contact between members.
How to trade – an example…
Requirement: Your car needs an oil change.
Step 1: You either look through the Offerings List or do a search to see if anyone is offering oil changes or car maintenance. Someone is offering oil changes for T80 but you must bring your own oil and oil filter.
Step2: In the Offerings List you click on the person’s name to obtain contact details. You phone the person (the ‘seller’) and agree on a time and place for the oil change.
Step 3: The oil change takes place and then you (the ‘buyer’) fill in a Trading Slip.
Step 4: You leave, satisfied that your car has fresh oil. The seller then goes to a computer and enters the details of the trade into the transaction form of his or her CES ‘bank account’. This becomes a credit for the seller and a debit for you. You are now obliged to provide goods and services to the community worth T80.
For now, go to www.communityexchange.net.au and register. We’ll be in touch.
Markets, Swaps, Trades and Exchange
An important part of Fleurieu LETS are the markets where members can meet and trade with each other. Recently, markets have included swap tables where members of the public are invited to swap without the need for LETS. There are a wide range of services and goods on offer.
- Services such as massage
- Accommodation and House Minding
- Arts and Crafts
- Child Care/Aged Care
- Cleaning/Domestic Help
- Computer and Office
- Cooking and Food
- Counselling and Advice
- Health and Family
- House and Garden Maintenance
- Sewing and Knitting
- Teaching and Tutoring
- Story Telling
- Furniture Design