Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:2b:p4
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 2B (pt 4/4)
Character Range: 173842–175104

is less than one, the relevant bid is rejected.
Note: Paragraph (a) is the numerator. Paragraph (b) is the denominator.
 (10) If:
 (a) a minimum spectrum requirement has been selected for the lots of the product by the bidder; and
 (b) but for the effect of this subclause, one of subclause (2), (3), (4), (5), (6) or (7) applies and the provisional posted demand calculated in accordance with the relevant subclause would have been less than the minimum spectrum requirement which has been selected for the lots of that product by the bidder;
  the increase bid is rejected and the provisional posted demand for the lots of that product of the bidder is equal to zero.
 (11) If the effect of subclause (4), (5), (6) or (7) is that the provisional posted demand of a bidder for the lots of a product is reduced to zero, then, despite subclauses (2) and (8), the increase bid is rejected.
Calculating posted demand and eligibility points
 (12) After all the increase bids and decrease bids in the queue are processed:
 (a) the posted demand for the lots of a product for a bidder for the current clock round is equal to the provisional posted demand that applies after the last bid in the queue is processed; and
 (b) Step 8 of subclause 2A(1) is to be performed.