Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:2:p4
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 2 (pt 4/5)
Character Range: 155524–158187

no upper or lower limit on the number of rounds per day.
      (6) The auction system will indicate to each bidder for the first round of a given day the anticipated schedule of rounds for that day at least 1 hour before the start time of the first round of the day.  However, the auction manager may, at any time, modify the schedule of rounds.  If this occurs, the auction manager must tell each bidder of the change as soon as practicable.
      (7) Before the first round of the secondary stage, the auction manager must set a percentage (the bid increment percentage) for each lot as a percentage of the starting price for the lot for the first round of the secondary stage, and of the specified price for the lot in any other round of the secondary stage.

          Note: The auction manager may vary the bid increment percentage set under this subclause, see clause 9.
      (8) Before the first round of the secondary stage, the auction manager must notify the bid increment percentage for each lot to each bidder for the first round of the secondary stage.
      (9) The bid increment percentage may be different for different lots and may be different for the same lot between different rounds of the secondary stage.

      4 Rounds of the secondary stage
      (1) Each lot is available for bidding in the first round of the secondary stage, and in each subsequent round of the secondary stage until the final round for bids on that lot.
      (2) During a round of the secondary stage, and subject to this Schedule, each bidder for the round may make a bid on each lot that:
         (a)      is available for bidding during that round; and
         (b)      meets the minimum spectrum requirement test for the bidder.
          Note: Each bid is made on a single lot: see the definition of bid in subclause 2(1).
      (3) However, a bidder cannot bid on a lot of a product if allocation of that lot to the bidder would exceed the bidder's allocation limits:
         (a)      applicable to the product, other than the Perth lower band product and the Perth upper band product; or
         (b)      applicable to the Perth combined products.

          Note 1: Eligibility points are not required to bid in the secondary stage.

          Note 2: The spectrum licence limits direction sets limits on the allocation of spectrum licences to a single person, or a specified group of persons, in the Perth area (among other areas). However, the lots in the Perth area are divided into two different products: the Perth lower band product and the Perth upper band product.  For the purposes of the allocation limits, the two products are treated as just