Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:1:p10
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 1 (pt 10/18)
Character Range: 127572–130327

allocation of spectrum licences to a single person, or a specified group of persons, in the Perth area (among other areas). However, the lots in the Perth area are divided into two different products: the Perth lower band product and the Perth upper band product.  For the purposes of the allocation limits, the two products are treated as just one product. For all other purposes, they are to be treated as two products. See subsection 11(2).

      4 Setting bid increment percentage and eligibility requirement percentage
      (1) Before the first clock round, the auction manager must set a percentage (the bid increment percentage) for the lots of each product to be applied in calculating the clock price for the lots of a product in a clock round.
          Note: The auction manager may vary the bid increment percentage set under this subclause, see clause 9.
      (2) Before the first clock round, the auction manager must notify the bid increment percentage for the lots of each product to each bidder for the first clock round.
      (3) The bid increment percentage may be different for different products and may be different for the same product between different clock rounds.
      (4) Before the first clock round, the auction manager must set a percentage (the eligibility requirement percentage) to be applied in calculating the activity target during each clock round.
          Note: The auction manager may vary the eligibility requirement percentage set under this subclause, see clause 10.
      (5) Before the first clock round, the auction manager must notify the eligibility requirement percentage to each bidder for the first clock round.
      (6) The eligibility requirement percentage may be different for different clock rounds.

      5 Schedule for clock rounds of the primary stage
      (1) Clock rounds must start and end between 9.00 am and 5.00 pm on working days, other than a recess day.
      (2) The scheduling of clock rounds between those times is at the auction manager's discretion.
      (3) There is no minimum or maximum length for a clock round, and no minimum or maximum length for the interval between clock rounds.
      (4) There is no upper or lower limit on the number of clock rounds per day.
      (5) Subject to section 46, the auction system will indicate to each bidder for the first clock round of a given day the anticipated schedule of clock rounds for that day at least 1 hour before the start time of the first clock round of the day.  However, the auction manager may, at any time, modify the schedule of clock rounds.  If this occurs, the auction manager must tell each bidder of the change as soon as practicable.

      6 Recess days
      (1) The auction manager may declare a day