Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:3
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 3
Character Range: 261210–262247

3  Payment of balance of winning price
 (1) The ACMA must notify a winning bidder, in writing, of the following:
 (a) the winning price for the winning bidder;
 (b) the effect on the winning price of any eligibility payments made under subsection 31(7), 38(7) or 48(4), in accordance with section 42, or of an additional eligibility payment made under subsection 46(4) for the purposes of section 42;
 (c) that the balance of the winning price must be paid in full;
 (d) the date by which the balance of the winning price must be paid to the ACMA.
 (2) For paragraph (d), the date must be at least 20 working days after the ACMA notifies the winning bidder under subclause (1).
 (3) If the ACMA becomes aware that a notice under subclause (1) contains a material error, the ACMA must give the winning bidder a revised notice.
 (4) The ACMA must give a notice to a winning bidder under subclause (1) no later than 1 June 2024.
Note: A revised notice under subclause (3) may be given after 1 June 2024.

Part 3 Issue of spectrum licences