We present results from our phase-resolved spectroscopy of the newly identified cataclysmic variable H \alpha 0242-2802 .
H \alpha 0242-2802 was identified from a deep UK Schmidt H \alpha -R band survey as a candidate cataclysmic variable .
Although initial spectroscopy revealed an optical spectrum very similar to that of the famous short orbital period system WZ Sge , the analysis of our data shows that this is not the case .
H \alpha 0242-28 differs from WZ Sge in both the accretion disk structure and the orbital period .
In particular , H \alpha 0242-28 appears to be a system which has not reached the orbital period minimum , yet .