Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:109:p2
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 109 (pt 2/2)
Character Range: 165380–166816

the current bid is processed, is less than zero; and
 (b) the demand change for the current bid exceeds the absolute value of the provisional excess demand;
then:
 (c) the current bid is applied in part to the extent of the number of lots in the excess from paragraph (b); and
 (d) to the extent of the number of lots equal to the absolute value of the provisional excess demand, the current bid is unapplied; and
 (e) the bidder's provisional posted demand for the lots of the product is, in number of lots, equal to:
 (i) the bidder's start demand for the product for the clock round; less
 (ii) the number of lots applied under paragraph (c); less
 (iii) if the current bid is a part of an earlier decrease bid that was applied in part—the number of lots of the product in the part of the earlier bid that was already applied.
Note: The remainder of the decrease bid will still have to be processed for the current clock round: see subsection 107(2).

Minimum spectrum requirement—decrease bid applied in full
 (5) Despite subsection (4) if:
 (a) the bidder elected to adopt the minimum spectrum requirement for the product; and
 (b) the provisional posted demand calculated in accordance with subsection (4) would have been one lot of the product;
then:
 (c) the current bid is applied in full; and
 (d) the bidder's provisional posted demand for the lots of that product is zero.

Subdivision E—Bringing the primary stage to an end