Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:3:p1
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 3 (pt 1/3)
Character Range: 179673–182418

3  Entries in the auction system before the first clock round – pre-bidding phase
Start demands
 (1) Before the pre-bidding phase, the auction manager must enter in the auction system each bidder's:
 (a) provisional start demands for the lots of each product, as recorded in the register; and
 (b) provisional minimum spectrum requirements (if any) for the lots of each product, as recorded in the register; and
 (c) allocation limits, as recorded in the register, applicable to the major population products; and
 (d) allocation limits, as recorded in the register, applicable to the regional products.
 (2) If a set-aside participant is not entitled to bid during the primary stage and the secondary stage:
 (a) that set-aside participant's provisional start demands for the lots of each product is zero; and
 (b) the bidder has no provisional minimum spectrum requirement for the lots of each product; and
 (c) subsection (3) does not apply in relation to that set-aside participant.
Note: If a set-aside participant fails to comply with particular requirements in this instrument, they may not be entitled to bid during the primary stage and the secondary stage.
 (3) During the pre-bidding phase, a bidder may, using the auction system:
 (a) enter the bidder's valid start demands, by changing or confirming the bidder's provisional start demands, for the lots of each product for the first clock round; and
 (b) enter the bidder's actual minimum spectrum requirements (if any) for the lots of each product (other than a 900 lower product), by:
 (i) for the 850 major population product or the 850 regional product – entering 2 lots as the minimum spectrum requirement, or removing the provisional minimum spectrum requirement; or
 (ii) for the 900 upper major population product, if the bidder is not a set-aside participant – entering 2 lots as the minimum spectrum requirement, or removing the provisional minimum spectrum requirement; or
 (iii) for the 900 upper regional product, if the bidder is not a set-aside participant – entering 2 lots as the minimum spectrum requirement, or removing the provisional minimum spectrum requirement.
Note: A bidder may also be taken to make an entry in the circumstances specified in section 64.
 (4) A change or a confirmation made under subclause (3) does not have effect until the end of the pre-bidding phase.
Note: Subclause (3) allows a bidder to change a provisional start demand for lots of a product, or provisional minimum spectrum requirement for lots of a product, more than once during the pre-bidding phase. The start demand for lots of a product that is in the system at the end of the pre-bidding phase will be the bidder's start demand for lots of that product for the first clock