Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:140
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 140
Character Range: 199678–200603

140  Validity of assignment bids
 (1) A bid in the assignment stage is valid if:
 (a) except where subsection 61(2) applies, the assignment bid is received between the start time and end time of the assignment round for the product or group of products; and
 (b) the bid is for a frequency range option for lots of a product that were allocated to the bidder in the primary stage or secondary stage (if any) of the auction; and
 (c) the bid is for a frequency range option in the list of frequency range options determined for the bidder under section 135; and
 (d) the bid price is a multiple of one hundred dollars.
Note: Subsection 61(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.
 (2) A valid bid in the assignment stage is an assignment bid.
Note: A bidder may also be taken to have made an assignment bid, see sections 141 and 142.