Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:1:p9
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 1 (pt 9/19)
Character Range: 132385–135241

be processed and the absolute value of the provisional excess demand.

          Note: In the case of a decrease bid that has been applied in part, the remainder of the decrease bid will still have to be processed for the current clock round.
      (5) If:
         (a)      a minimum spectrum requirement has been selected for the lots of the product by the bidder; and
         (b)      the provisional posted demand calculated in accordance with subclause (4) would have been less than the minimum spectrum requirement which has been selected for the lots of that product by the bidder;
       the decrease bid is applied in full and the provisional posted demand for the lots of that product of the bidder is equal to zero.

      (6) 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.

      2D Applying a maintain bid
      A maintain bid requested by a bidder is applied in full, such that, for the clock round in which the maintain bid is requested, the bidder's posted demand for the lots of the product is equal to the bidder's start demand for the lots of that product for the clock round.

Part 3—Arrangements for primary stage

      3 Entries in the auction system before first clock round

      (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 recorded in the register for the bidder under paragraph 44(2)(f); and
         (b)      provisional minimum spectrum requirements (if any) for the lots of each product recorded in the register for the bidder under paragraph 44(2)(h); and
(c)      allocation limits for the lots of the following:
            (i)        each product, other than the lower band products and the upper band products, as recorded in the register for the bidder under subparagraph 44(2)(i)(i);
            (ii)      each of the combined products, as recorded in the register for the bidder under subparagraph 44(2)(i)(ii).

      (2) After the auction manager has made the entries in subclause (1) and during the pre-bidding phase, a bidder may, using the auction system:
         (a)     enter the bidder's actual 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), by changing or confirming the bidder's provisional minimum spectrum requirements (if any), for the lots of each product for the primary stage.
          Note: A