Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:17
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 17
Character Range: 203649–204569

17  Determination of primary winners and primary prices
 (1) A bidder who has posted demands for one or more lots of a product (allocated lots) as a result of the final clock round in the primary stage is a primary winner for those allocated lots.
 (2) The total posted price, for a primary winner, for allocated lots of a product, is an amount equal to:
 (a) the posted price for a lot of that product for the final clock round; multiplied by
 (b) the number of allocated lots comprising the posted demand of the primary winner for that product.
 (3) The primary price, for all the allocated lots of each product of a primary winner, is the sum of all the primary winner's total posted prices.
Note: This clause relates to Division 2 of Part 6 of this instrument for the purposes of section 294 of the Act, and is disallowable under section 42 of the Legislation Act 2003.

Part 6 Bringing the primary stage to an end