Document ID: chunk:federal_register_of_legislation:F2017L01255:clause:4_2
Version: federal_register_of_legislation:F2017L01255
Segment Type: clause
Provision Reference: sch 4 cl 2
Character Range: 122378–124938

2  Interpretation
 (1) In this Schedule:
application notice means a notice published under subclause 3(1).
application opening date and time: see paragraph 3(1)(e) of this Schedule.
post-auction allocation process means the process set out in this Schedule.
post-auction applicant: see subclause 5(1).
post-auction applicant information package means a package containing the information, forms and other documents set out in subclause 4(1).
post-auction application means an application made under subclause 5(1).
post-auction application fee means an amount determined by the ACMA for paragraph 4(1)(k) of this Schedule.
post-auction application form means the form approved by the ACMA under paragraph 4(1)(g) of this Schedule.
post-auction deed of acknowledgement means a deed in the form approved by the ACMA under paragraph 4(1)(i) of this Schedule that has been completed and executed by a post-auction applicant in accordance with this Schedule and with any instructions provided on or with the form, to the extent those instructions are not inconsistent with this Schedule.
Note:  Strict compliance with the form is required.
post-auction pre-determined price for a spectrum licence: see subclauses (2) and (3).
relevant period for a spectrum licence means the period:
 (a) commencing on the date the licence is, or is proposed, to come into force; and
 (b) ending on the date the licence ceases to be in force.
 (2) For a spectrum licence that is to come into force on 1 February 2018, the post-auction pre-determined price is worked out as follows:
 (a) identify each lot to be included in the spectrum licence;
 (b) add up the starting prices for each of those lots.
 (3) For a spectrum licence that is to come into force on a day after 1 February 2018, the post-auction pre-determined price is worked out as follows:
 (a) identify each lot to be included in the spectrum licence;
 (b) add up the starting prices for each of those lots (primary amount);
 (c) apply the formula in subclause (4) to the primary amount for the licence.
 (4) For the purposes of paragraph (3)(c), the formula is:

  where, for a spectrum licence:
m means the number of days in the relevant period for the licence.
n means the number of days in the period:
 (a) commencing 1 February 2018; and
 (b) ending on the day before the commencement of the relevant period for the licence.
PAL means the primary amount for the licence.
PAPDP means the post-auction pre-determined price for the licence.
r equals 0.0001467.
z equals 0.0000677.

Part 2—Post-auction applications