Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:3:p2
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 3 (pt 2/3)
Character Range: 182208–184728

once during the pre-bidding phase. The start demand for lots of a product that is in the system at the end of the pre-bidding phase will be the bidder's start demand for lots of that product for the first clock round. The minimum spectrum requirement for lots of a product that is in the system at the end of the pre-bidding phase will be the bidder's minimum spectrum requirement for the lots of that product for the primary stage.
 (5) If a bidder does not change or confirm the bidder's provisional start demands for the lots of a product for the first clock round under subsection (3), the bidder's provisional start demand for the lots of the product, as recorded in the register, is the bidder's start demand for the lots of the product for the first clock round.
 (6) If a bidder does not act under paragraph (3)(b), the bidder's provisional minimum spectrum requirement (if any) for the lots of the product, as recorded in the register, is the bidder's minimum spectrum requirement for the lots of the product.
Start demand validity rules – pre-bidding phase
 (7) For the purposes of paragraph (3)(a), a start demand of a bidder for lots of a product is valid if all of the following apply in relation to the start demand:
 (a) if the product is a major population product – the total size of the sum of:
 (i)  the start demand for the lots of the product; and
 (ii) the start demand for lots of each other major population product; and
 (iv) if the bidder is a set-aside participant – 1 set-aside lot of the 900 upper major population product;
  does not exceed the bidder's allocation limits (when expressed in MHz) applicable to the major population products;
 (b) if the product is a regional product – the total size of the sum of:
 (i)  the start demand for the lots of the product; and
 (ii) the start demand for lots of each other regional product; and
 (iii) if the bidder is a set-aside participant – 1 set-aside lot of the 900 upper regional product;
  does not exceed the bidder's allocation limits (when expressed in MHz) applicable to the regional products;
 (c) the number of lots for the bidder's start demand of the product is not greater than the number of lots for the supply of the product.
Note 1: See section 7 of the spectrum licence limits direction.
Note 2: For the 900 upper products, supply depends upon whether one or more set-aside applicants have elected to take up set-aside lots.
 (8) For the purposes of paragraph (3)(a), a start demand of a bidder for lots of a product is valid