Document ID: chunk:federal_register_of_legislation:F2021L01150:clause:5_10:p3
Version: federal_register_of_legislation:F2021L01150
Segment Type: clause
Provision Reference: sch 5 cl 10 (pt 3/4)
Character Range: 17351–20135

by each such set-aside participant.
Note: See section 6 of the spectrum licence limits direction.
The downshift metropolitan lot and the downshift regional lot
 (16) If a bidder is allocated the one lot of the 900 lower major population product in the primary stage or secondary stage of the auction, then the downshift metropolitan lot is allocated to that bidder.
 (17) If a bidder is allocated the one lot of the 900 lower regional product in the primary stage or secondary stage of the auction, then the downshift regional lot is allocated to that bidder.
Note: See Schedule 4 to the allocation determination.
Stages of the auction
 (18) The auction will be carried out in the following four stages:
 (a) subject to the allocation determination, before the primary stage, any set-aside lots will be allocated to set-aside participants at the set-aside price;
 (b) the primary stage, at which available lots are offered and which determines the number of available lots of each product allocated to, and the primary price to be paid by, each winning bidder in accordance with the allocation determination;
 (c) the secondary stage, at which residual lots are offered and which determines the number of such lots allocated to, and the secondary price to be paid by, each winning bidder in accordance with the allocation determination;
 (d) the assignment stage, which:
 (i) determines frequency ranges assigned to the lots of each product allocated to each winning bidder (including a set-aside lot), and the assignment price to be paid in accordance with the allocation determination; and
 (ii) may result in the allocation of the downshift metropolitan lot and the downshift regional lot.
Note 1: The allocation determination sets out the detailed rules and procedures for each stage of the auction.
Note 2: As there is only one lot available in each of the 900 lower major population product and the 900 lower regional product, there will be no assignment round for these products in the assignment stage.
 (19) The primary stage includes a pre-bidding phase that allows bidders to change or confirm their provisional start demands and provisional minimum spectrum requirements, subject to the requirements of the allocation determination.
Issuing licences
 (20) Subject to the requirements of the Act, any other relevant laws, this instrument and the allocation determination, the ACMA will issue a spectrum licence to each winning bidder allocated one or more lots in the auction (including a set-aside lot). The spectrum licence will be for the number of lots of each product allocated to that winning bidder during the primary stage or secondary stage, and for any set-aside lot allocated to that winning bidder, at the frequency ranges assigned to that person for those lots