Document ID: chunk:federal_register_of_legislation:F2024L01192:reg:29
Version: federal_register_of_legislation:F2024L01192
Segment Type: reg
Provision Reference: reg 29
Character Range: 25091–26642

29  Payment of reserve price and acknowledgment
  Unless a successful applicant for an HPON licence withdraws its application in accordance with section 32, on or before the day notified under paragraph 28(d) the successful applicant must:
 (a) pay the reserve price for the licence; and
 (b) lodge with the ACMA a written acknowledgment of the following:
 (i) that the successful applicant has relied solely on:
                  (A) its own skill, judgment and investigations; and
                  (B) the skill, judgment and investigations of persons acting on its behalf;
  in applying for the licence, and in forming its opinion of the value of the licence; and
 (ii) that the successful applicant is aware that becoming the successful applicant does not entitle it to be issued the licence, or any other licence; and
 (iii) that the successful applicant is aware that the fact that they are the only registered applicant for the licence does not, of itself, entitle the successful applicant to be issued the licence, or any other licence; and
 (iv) that the successful applicant is aware that the licence will not be issued to them if the reserve price is not paid by the successful applicant; and
 (v) that the successful applicant is aware that it may be liable to the ACMA in damages for any loss suffered by the ACMA as a result of conduct of the successful applicant or its authorised agent.

            Note 1: A successful applicant is defined in subsection 5(1).

            Note 2: See section 41 regarding an applicant's liability.