Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:100
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 100
Character Range: 137797–138619

100  Availability of lots in clock rounds of the primary stage
 (1) Each lot of a product is available for bidding in the first clock round, and in each subsequent clock round until the final clock round.
Note: Bidding does not close on a single product—all products close together in the final clock round. The clock price, for a lot of a product, pauses if excess demand is not greater than zero on lots of the product after the clock round and no decrease bid was applied in full or in part for lots of the product during the bid processing for the clock round.
 (2) Subject to this Division, each bidder may make a bid on lots of a product available for bidding during a clock round.
Note: Section 102 sets out the general rules for a bidder to make a bid in a clock round. For the validity of bids, see section 103.