Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:96
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 96
Character Range: 134313–135232

96  Scheduling of clock rounds
 (1) Clock rounds must start and end between 9.00 am and 5.00 pm on working days, other than a recess day.
 (2) The scheduling of clock rounds between those times is at the auction manager's discretion.
 (3) There is no minimum or maximum length for a clock round, and no minimum or maximum length for the interval between clock rounds.
 (4) There is no upper or lower limit on the number of clock rounds per day.
 (5) Subject to sections 76 and 82, the auction manager (using the auction system) will indicate to each bidder for the first clock round of a given day the anticipated schedule of clock rounds for that day at least 1 hour before the start time of the first clock round of the day. However, the auction manager may, at any time, modify the schedule of clock rounds. If this occurs, the auction manager must tell each bidder in writing of the change as soon as practicable.