Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:3:p6
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 3 (pt 6/6)
Character Range: 189801–191541

had submitted assignment bids of zero dollars for every frequency range option; less
       (b) the sum of bid prices for all other winning assignment bids in the assignment round.

          Note: For starting prices, see paragraph 28(1)(d) of this instrument.
(7) A bidder who has assignment prices for winning assignment bids in an assignment round is an assignment winner in the assignment stage for an assignment of a frequency range or frequency ranges to lots of a product or group of products.
(8) For the purposes of subclause (9), the total assignment price for assignment of a frequency range or frequency ranges to lots of a product or group of products in the assignment stage is an amount equal to the sum of the assignment prices for the assignment of all frequency ranges of the assignment winner.
(9) The total assignment price is to be paid by the assignment winner.
(10) The assignment prices calculated under subclause (5) must be rounded up to the next hundred.
          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 5—Bringing the assignment stage to an end

9 Results of the assignment stage
 After the end of all assignment rounds, the auction manager must tell each winning assignment round bidder:
(a)      the frequency ranges assigned to the lots of each product that were allocated to the bidder in the primary stage or secondary stage; and
(b)      any assignment price for the frequency ranges assigned.

      10 End of the assignment stage
  The assignment stage is complete when the auction manager has notified all bidders of the results of every assignment round.