Document ID: chunk:federal_register_of_legislation:F2020L01453:clause:4_66:p1
Version: federal_register_of_legislation:F2020L01453
Segment Type: clause
Provision Reference: sch 4 cl 66 (pt 1/5)
Character Range: 101774–104408

66  Results of the auction
 (1) After the winning bidders and winning prices are determined, the auction manager must, by notice in writing, tell each winning bidder:
(a)      the number of lots of each product allocated to the winning bidder;
(b)      the frequency ranges assigned to the lots allocated to the winning bidder; and
(c)      the winning price to be paid by the winning bidder.
          Note: The allocation of spectrum licences is complete when frequency ranges are assigned to lots of a product (allocated to a bidder in the primary stage or secondary stage) at the end of the assignment stage.
 (2) After the winning bidders and winning prices are determined, the auction manager must tell all bidders in writing:
(a)      the names of all winning bidders in the auction; and
(b)      the frequency ranges for each product in relation to the lots allocated in the auction; and
(c)      the winning price paid, or to be paid, by each winning bidder in the auction.
 (3) Unless all bidders agree in writing, the ACMA will not provide to all bidders any further information regarding the results of the auction other than that mentioned in subsection (2) and subclause 18(2) of Schedule 1 and subclause 18(2) of Schedule 2.
          Note: For information about the auction that is announced or published after the end of the auction period, see subsection 69(1).

67 Sufficient eligibility payment – issue of spectrum licence without further payment
 (1) If the balance of the winning price for a winning bidder is an amount less than zero:
(a)      the ACMA on behalf of the Commonwealth must refund the eligibility payment in excess of the winning price no later than 6 months after giving the notice under subsection 66(1) unless the ACMA has made a decision to retain the excess eligibility payment under section 75; and
(b)      the bidder is entitled to be issued a spectrum licence for each part of the spectrum assigned to the lots allocated to the bidder without further payment.
 (2) If the balance of the winning price for a winning bidder is zero, the bidder is entitled to be issued a spectrum licence for each part of the spectrum assigned to the lots allocated to the bidder without further payment.
 (3) For subsections (1) and (2), a winning bidder is taken to have elected to pay the winning price in full.
          Note: For the issue of spectrum licences, see section 62 of the Act.

68 Payment of balance of winning price
  If the balance of the winning price for a winning bidder is an amount greater than zero, it must be paid by the winning bidder to the ACMA on behalf of the Commonwealth in