Document ID: chunk:federal_register_of_legislation:F2016L01970:clause:1_12
Version: federal_register_of_legislation:F2016L01970
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 120935–121826

12  Tiebreaker for 10 MHz lot
 (1) This section applies in relation to the 10 MHz lot if:
 (a) no continue bid was made on the 10 MHz lot in the final round for bids on the 10 MHz lot;
 (b) two or more exit bids were made on the 10 MHz lot in the final round for bids on the 10 MHz lot;
 (c) of those exit bids:
 (i) two or more of those exit bids were equal (the tied exit bids); and
 (ii) the tied exit bids were greater than each other exit bid mentioned in paragraph (b).
 (2) Where this section applies, the winning bidder for the 10 MHz lot will be selected from the bidders who made the tied exit bids by pseudorandom selection.  The pseudorandom selection must be conducted before the first round for bids on the 5 MHz lot.
 (3) For the purposes of paragraph 11(3)(d) of this Schedule, the final high bid for the 10 MHz lot is the amount of the last bid made by the winning bidder.