Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:95
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 95
Character Range: 132849–134313

95  Eligibility requirement percentage for primary stage

Auction manager must set eligibility requirement percentage
 (1) Before the first clock round, the auction manager must set a percentage (the eligibility requirement percentage) to be applied in calculating the activity target during each clock round.
Note: For the activity target, see subsection 105(3).
 (2) Before the first clock round, the auction manager must notify the eligibility requirement percentage to each bidder.
 (3) The eligibility requirement percentage may be different for different clock rounds.

Auction manager may change eligibility requirement percentage during primary stage
 (4) The auction manager may, at any time during the primary stage, change the eligibility requirement percentage to be applied in calculating the activity target during a clock round.
 (5) Before doing this, the auction manager must:
 (a) tell each bidder (other than a bidder who did not enter a positive start demand for any product) in writing of the proposed change; and
 (b) ask each such bidder to provide comments on the proposal within the time (being not less than 1 hour) set by the auction manager; and
 (c) take into account any comments on the proposal that are received within that time.
 (6) The auction manager must notify each bidder (other than a bidder who did not enter a positive start demand for any product) of the change before the clock round for which the change takes effect.