Document ID: chunk:federal_register_of_legislation:F2017L01255:clause:1_2:p3
Version: federal_register_of_legislation:F2017L01255
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 3/4)
Character Range: 96269–98778

time of each round in stage 2, the auction manager must provide the following information to each bidder who nominated a second product lot as a preferred lot, using the auction system:
 (a) the start time of the round;
 (b) the end time of the round;
 (c) the specified price that will apply to each second product lot in the round;
 (d) for each round other than the first round in stage 2 – the specified price that applied to each second product lot in the previous round;
 (e) the total number of bidders that have nominated each second product lot as a preferred lot;
 (f) any other information the ACMA considers necessary or convenient to conduct the auction.
 (12) After each round in stage 2, the auction manager must provide the following information to each bidder who nominated a second product lot as a preferred lot, using the auction system:
 (a) the bids made by the bidder during the round (if any);
 (b) if, as a result of the round, the bidder is the winning bidder for a second product lot – the winning price for that lot;
 (c) the number of bidders remaining in the auction for each second product lot after the end of the round;
 (d) any other information the ACMA considers necessary or convenient to conduct the auction.
 (13) Before the start time of each round in stage 3, the auction manager must provide the following information to each bidder who nominated a third product lot as a preferred lot, using the auction system:
 (a) the start time of the round;
 (b) the end time of the round;
 (c) the specified price that will apply to each third product lot in the round;
 (d) for each round other than the first round in stage 3 – the specified price that applied to each third product lot in the previous round;
 (e) the total number of bidders that have nominated each third product lot as a preferred lot;
 (f) any other information the ACMA considers necessary or convenient to conduct the auction.
 (14) After each round in stage 3, the auction manager must provide the following information to each bidder who nominated a third product lot as a preferred lot, using the auction system:
 (a) the bids made by the bidder during the round (if any);
 (b) if, as a result of the round, the bidder is the winning bidder for a third product lot – the winning price for that lot;
 (c) the number of bidders remaining in the auction for each third product lot after the end of the round;
 (d) any other information the ACMA considers necessary or convenient to conduct the auction.