Document ID: chunk:federal_register_of_legislation:F2016L01970:reg:43
Version: federal_register_of_legislation:F2016L01970
Segment Type: reg
Provision Reference: reg 43
Character Range: 50953–52509

43  The upfront pre-determined price and the delayed pre-determined price
 (1) The upfront pre-determined price for a spectrum licence is worked out as follows:
 (a) identify each lot to be included in the spectrum licence;
 (b) add up the starting prices for each lot.
Note: The starting price is set by the ACMA under subsection 28(1).
 (2) The balance of the upfront pre-determined price for a spectrum licence is the upfront pre-determined price less the amount of any deposit paid by the applicant.
 (3) The delayed pre-determined price for a spectrum licence is the sum of:
 (a) the deposit paid by the successful applicant for the licence under section 38 (if any);
 (b) the first instalment for the licence;
 (c) the second instalment for the licence; and
 (d) the third instalment for the licence.
Note: The first, second and third instalments to be paid in relation to a spectrum licence are calculated by reference to the starting prices for the lots to be included in the licence (see section 46).  The starting price is set by the ACMA under subsection 28(1).  The ACMA must set starting prices in a manner that is consistent with the Radiocommunications (Spectrum Licence Allocation—Residual 700 MHz Spectrum) Direction 2016.
Note 2: The sum of the present value of each of the instalments, and of the deposit (if any), is the same as the sum of the starting prices for the lots to be included in the licence, when calculated in accordance with the Radiocommunications (Spectrum Licence Allocation—Residual 700 MHz Spectrum) Direction 2016.