Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:7
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 7
Character Range: 251259–252445

7  Determination of winning assignment bids
 (1) After an assignment round has ended, the auction manager must tell each assignment bidder in the round its winning assignment bid.
 (2) The winning assignment bids for an assignment round must be a combination of valid assignment bids such that:
 (a) only one assignment bid is selected from each assignment bidder for the assignment round; and
 (b) the frequency ranges included in any pair of winning assignment bids for a product, or group of products, do not overlap.
 (3) Subject to subclause (4), the winning assignment bids are the assignment bids in the combination of valid assignment bids that:
 (a) complies with subclause (2); and
 (b) maximises the sum of the bid prices in the assignment bids
 (4) If more than one combination of valid assignment bids (valid combinations) satisfies subclause (3), the winning assignment bids are the assignment bids in the valid combination selected by pseudorandom process from all those valid combinations.
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.