Document ID: chunk:federal_register_of_legislation:F2018L00366:reg:26
Version: federal_register_of_legislation:F2018L00366
Segment Type: reg
Provision Reference: reg 26
Character Range: 22779–23420

26  Balance of winning price not paid

       (1)   If the successful applicant fails to comply with section 25 in relation to a licence, the successful applicant ceases to be the successful applicant for the licence.

       (2)   However, the person is taken to have continued to be the successful applicant for the licence after the day notified under paragraph 24(b) if the ACMA:
           (a) extends the period for compliance with section 25 to a day after the day initially notified under paragraph 24(b); and
           (b) has not re-offered the licence in accordance with subsection 38(2) before attempting to extend the period.