Document ID: chunk:federal_register_of_legislation:F2020L01450:clause:6_15:p2
Version: federal_register_of_legislation:F2020L01450
Segment Type: clause
Provision Reference: sch 6 cl 15 (pt 2/2)
Character Range: 19977–21573

If a bank guarantee is provided to the ACMA by email, the bank guarantee must be:

 (a) included as an attachment; and
 (b) in PDF format or another format approved by the auction manager.
 (6) If a bank guarantee is provided to the ACMA by email before the date worked out in accordance with subsection (3), the original guarantee must be received by the ACMA no later than 3 working days after that date (or, if the ACMA agrees to a later time, the agreed time) for the guarantee to be taken to have been provided to the ACMA.

 (7) For the purposes of paragraph (2)(b), a bank guarantee must be in a form approved by the ACMA.

 (8) For the purposes of paragraph (2)(b), a bank guarantee must be for the period during which the whole or part of a winning price remains owing by the person liable to pay the winning price (instalment period).

 (9) For the purposes of paragraph (2)(b), a bank guarantee must provide security to the Commonwealth for an amount equal to 5% of the amount of the winning price still owing to the Commonwealth at any point in time.

 (10) This section is subject to the Act, the allocation determination and other relevant laws.

 (11) In this section:

bank guarantee has the meaning given by subsection 6(5) of the Radiocommunications (Spectrum Access Charges – 26 GHz Band) Direction 2020.
eligibility payment has the meaning given by subsection 4(1) of the allocation determination.
winning price has the meaning given by subsection 4(1) of the allocation determination.
working day has the same meaning given by subsection 4(1) of the allocation determination.