Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:1
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 1
Character Range: 205537–206649

1  Application of Schedule
 (1) This Schedule applies to a lot of a product that is available in the secondary stage of the auction determined in accordance with subclause (2) (the residual lot).
Note 1: If all lots of each product were allocated in in accordance with Schedule 1 and Schedule 2, there is no secondary stage.
Note 2: If, for each residual lot of a product available in the secondary stage, no bidder meets the minimum spectrum requirement test or no bidder can make a bid that is valid under paragraph 13(d) or 13(e), there is no secondary stage.
 (2) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is equal to -1, there is only 1 residual lot of the product available in the secondary stage of the auction.
 (3) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is not equal to -1, there is no residual lot of the product available in the secondary stage of the auction.
 (4) In this clause, excess demand has the meaning given by subclause 2(1) of Schedule 2.