Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:1:p7
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 1 (pt 7/18)
Character Range: 120174–122840

products, the provisional posted demand is reduced by the number of lots necessary to ensure that the provisional posted demand does not exceed the bidder's allocation limits (when expressed in number of lots) applicable to the product (other than the Perth lower band product and the Perth upper band product) or applicable to the Perth combined products.

           Note 1: The spectrum licence limits direction sets limits on the 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).
           Note 2: See also paragraph 15(1)(d).
      (6) After all the increase bids and decrease bids in the queue are processed:
         (a)      the posted demand for the lots of a product for a bidder for the current clock round is equal to the provisional posted demand that applies after the last bid in the queue is processed; and
         (b)      Step 8 of subclause 2A(1) is to be performed.

      2C Applying a decrease bid

      (1) In this clause, the provisional excess demand for lots of a product, immediately before a decrease bid is to be processed, is equal to the sum of:
         (a)      the excess demand for the lots of the product at the start of the clock round; and
         (b)      the difference between:
            (i)            the number of lots for the increase bids of the product that have already been applied in full or in part, before the decrease bid that is to be processed; and
            (ii)         the number of lots for the decrease bids of the product that have already been applied in full or in part, before the decrease bid that is to be processed;
 less:
         (c)      the number of lots for the decrease bid of the product that is to be processed.
          Note: In the case of a decrease bid that has been applied in part, the remainder of the decrease bid will still have to be processed for the current clock round.
      (2) If the provisional excess demand, immediately before a decrease bid is processed, is equal to or greater than zero, the decrease bid is applied in full, such that the provisional posted demand for the lots of a product of a bidder is equal to:
         (a) the number of lots of the product for the start demand of the bidder; less
         (b) the number of lots for the parts of the decrease