Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:3:p28
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 3 (pt 28/36)
Character Range: 73830–76400

First and second clock rounds
 (1) After the eligibility deadline, the auction manager must set the start date and start time of the first and second clock rounds of the primary stage of the auction.
 (2) The auction manager must notify bidders of the start date and start time of the first and second clock rounds of the primary stage at least 10 working days before the start date of the first clock round.

Part 5—Auction procedures
Division 1 Procedures to be applied

47 Auction stages
 (1) The auction consists of a primary stage, a secondary stage (if required) and an assignment stage.
 (2) The primary stage is made up of:
(a)      the bidder's start demands for the lots of each product for the first clock round; and
(b)      one or more clock rounds for the making of bids on lots of a product and the results of that clock round; and
(c)      the determination of the final posted demands as a result of the final clock round for the lots of each product allocated to a primary winner and of the associated primary price after all clock rounds are completed.
 (3) The secondary stage, if required, is made up of:
(a)      one or more rounds for the making of bids on any residual lot of a product that is available in the secondary stage of the auction and the results of the round; and
(b)      the determination of the winning final high bids for any residual lot of a product allocated to a secondary winner and of the associated secondary price after all rounds for the secondary stage are completed.
 (4) The assignment stage is made up of:
         (a)      one or more assignment rounds for the making of bids for the assignment of frequency ranges to lots of a product (or group of products) that were allocated in the primary stage or secondary stage; and
         (b)      the determination of the winning assignment bids for the frequency ranges assigned to the lots of each product (or group of products) that were allocated to a primary winner or secondary winner and of the associated total assignment price after all assignment rounds are completed.

48 Procedures if only one bidder
 (1) If there is only one bidder in the auction, the procedures to be applied for allocating lots of a product and assigning frequency ranges are as follows:
(a)      there will be one clock round in the primary stage using the auction system in which the bidder may make a bid for the lots of each product;
(b)      the assignment stage will be conducted as soon as possible after the primary stage to enable the bidder to indicate the frequency ranges the