Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:2:p2
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 2 (pt 2/5)
Character Range: 150696–153217

nomination deadline, a bidder may nominate in writing either (but not both):
         (a)      to bid on the lot for the Perth lower band product; or
         (b)       to bid on the lot for the Perth upper band product.
      (3)      If a bidder nominates in accordance with subclause (2) to bid on the lot for the Perth lower band product, the bidder must not make a bid during the secondary stage on the lot for the Perth upper band product.
      (4)     If a bidder nominates in accordance with subclause (2) to bid on the lot for the Perth upper band product, the bidder must not make a bid during the secondary stage on the lot for the Perth lower band product.
      (5)     If a bidder does not nominate in accordance with subclause (2), the bidder must not make a bid on either of the two Perth lots.
          Note 1: Paragraph 12(d) makes any bid on a single lot of the Perth lower band product or the Perth upper band product invalid if it would exceed the bidder's allocation limits applicable to the Perth combined products.

          Note 2: 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).

      2 Interpretation
      (1) In this Schedule:

      bid means a bid made on a single lot during the secondary stage, and includes a bid taken to be made on a single lot.
      bid increment percentage: see subclause 3(7).
      bidder, for a round of the secondary stage, means a bidder who may make a bid on a lot in that round in accordance with clause 10.
          Note: Clause 10 sets out the general rules for a bidder to make a bid on a lot in a round of the secondary stage.  Among other things, a bidder may only make a bid on a lot if the lot meets the minimum spectrum requirement test for the bidder.
      continue bid, in relation to a lot, means a bid made on the lot in a round of the secondary stage that is equal to or greater than the specified price of the lot for that round.
      exit bid, in relation to a lot, means a bid made on the lot in a round of the secondary stage that is:
         (a)      less than the specified price