Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:2:p13
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 2 (pt 13/13)
Character Range: 187554–188872

is disallowable under section 42 of the Legislation Act 2003.

      18 Results of the secondary stage
(1) After the secondary winners and secondary prices are determined, the auction manager must tell each secondary winner, using the auction system:
(a)      the lots of each product allocated to the secondary winner; and
(b)      the residual price for the allocated lot of each product and the secondary price to be paid by the secondary winner for all allocated lots.
(2) After the secondary winners and secondary prices are determined, the auction manager must tell all bidders (in the primary stage and secondary stage):
(a)      the total number of secondary winners who have been allocated a lot of a product; and
(b)      for each lot allocated to a secondary winner, the product to which the lot belongs.

      19 End of the secondary stage

      (1) The auction manager must tell each primary winner and each secondary winner, the sum of:
(a)      the primary price; and
(b)      the secondary price;
      for all the allocated lots, in the primary stage or secondary stage, of each product of that winner.
      (2) Immediately after the auction manager provides the results in accordance with subclauses 18(1) and 18(2), the auction manager must tell each bidder that the secondary stage is completed.