Document ID: chunk:federal_register_of_legislation:F2023L00854:clause:7_10:p3
Version: federal_register_of_legislation:F2023L00854
Segment Type: clause
Provision Reference: sch 7 cl 10 (pt 3/5)
Character Range: 18308–20940

bidder participating in the assignment round for the adjacent product will include an option that covers the frequencies of the leftover lot; and
 (d) the leftover lot may be allocated to one of those bidders.
Note 1: See Division 3 of Part 6 of the allocation determination.
Note 2: If the leftover lot is allocated to a bidder in the assignment stage of the 3.4 GHz auction, the set price for the leftover lot does not form part of the winning price to be paid by the bidder.
Stages of each auction
 (19) The 3.7 GHz auction and the 3.4 GHz auction will be carried out as follows:
 (a) subject to the allocation determination, immediately after the eligibility deadline, or the extended eligibility deadline (if any), one or more leftover lots may be directly allocated to the adjacent licensee, or a related body corporate of the adjacent licensee, for the leftover lot;
 (b) the primary stage of the 3.7 GHz auction will be conducted, at which lots of 3.7 GHz products are offered and which determines the number of 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 of the 3.7 GHz auction (if any) will be conducted, at which residual lots of 3.7 GHz products 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 of the 3.7 GHz auction will be conducted, which determines frequency ranges assigned to the lots of each 3.7 GHz product allocated to each winning bidder, and the total assignment price to be paid in accordance with the allocation determination;
 (e) the primary stage of the 3.4 GHz auction will be conducted, at which lots of 3.4 GHz products are offered and which determines the number of lots of each product allocated to, and the primary price to be paid by, each winning bidder in accordance with the allocation determination;
 (f) the secondary stage of the 3.4 GHz auction (if any) will be conducted, at which residual lots of 3.4 GHz products 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;
 (g) the assignment stage of the 3.4 GHz auction will be conducted, which:
 (i) determines frequency ranges assigned to the lots of each 3.4 GHz product allocated to each winning bidder, and the total assignment price to be paid in accordance with the allocation determination; and
 (ii) may result in the allocation