Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:10
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 10
Character Range: 191835–192734

10  Changing eligibility requirement percentage
 (1) The auction manager may, at any time during the primary stage, change the eligibility requirement percentage to be applied in calculating the activity target during a clock round.
Note: For the eligibility requirement percentage, see subclause 4(4).
 (2) Before changing the eligibility requirement percentage, the auction manager must:
 (a) tell each bidder in writing of the proposed change; and
 (b) give each bidder an opportunity to comment on the proposed change within the time (not less than 1 hour) set by the auction manager; and
 (c) take into account any comments received within that time.
 (3) If the auction manager decides to change the eligibility requirement percentage, the auction manager must notify each bidder for the clock round when the change takes effect, before that clock round.

Part 4 Bidding in the primary stage