Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:2b:p3
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 2B (pt 3/4)
Character Range: 171435–174072

a bidder is a set-aside participant; and
 (b) the bid is a bid for lots of a major population product; and
 (c) but for the operation of this subclause, the sum of:
 (i) the provisional posted demand for lots of a product of the bidder calculated in accordance with either subclause (2) or (3), whichever is the case; and
 (ii) 1 set-aside lot of the 900 upper major population product;
  (relevant number of lots) would have caused the bidder to exceed the bidder's allocation limits (when expressed in number of lots) for major population products;
  the provisional posted demand of the bidder for the lots of the product is reduced by the number of lots necessary to ensure the relevant number of lots does not exceed the bidder's allocation limits (when expressed in number of lots) for major population products.
Note 1: See section 7 of the spectrum licence limits direction.
Note 2: See also paragraph 15(1)(d).
 (7) Subject to subclause (10), if:
 (a) a bidder is a set-aside participant; and
 (b) the bid is a bid for lots of a regional product; and
 (c) but for the operation of this subclause, the sum of:
 (i) the provisional posted demand for lots of a product of the bidder calculated in accordance with either subclause (2) or (3), whichever is the case; and
 (ii) 1 set-aside lot of the 900 upper regional product;
  (relevant number of lots) would have caused the bidder to exceed the bidder's allocation limits (when expressed in number of lots) for regional products;
  the provisional posted demand of the bidder for the lots of the product is reduced by the number of lots necessary to ensure the relevant number of lots does not exceed the bidder's allocation limits (when expressed in number of lots) for regional products.
Note 1: See section 7 of the spectrum licence limits direction.
Note 2: See also paragraph 15(1)(e).
 (8) Subject to subclause (11), if, for the purposes of paragraph (4)(c), (5)(c), (6)(c) or (7)(c), the provisional posted demand for lots of a product of the bidder was calculated in accordance with subclause (2), then despite subclause (2), the bid is applied in part.
Increase bid rejected
 (9) If, immediately before an increase bid in relation to lots of a product is processed (relevant bid), the quotient, when expressed in number of lots, of:
 (a) the available activity (in eligibility points); and
 (b) the lot rating for the lot of the product;
  is less than one, the relevant bid is rejected.
Note: Paragraph (a) is the numerator. Paragraph (b) is the denominator.
 (10) If:
 (a) a minimum spectrum requirement has been selected for the lots of the product by the bidder; and