Document ID: chunk:federal_register_of_legislation:F2015L01373:body:0:p32
Version: federal_register_of_legislation:F2015L01373
Segment Type: other
Provision Reference: 
Character Range: 76310–78748

(a) the bidder's eligibility points in the previous round; and
  (b) the bidder's eligibility points worked out in accordance with clause 14.

 (3) A bidder is not entitled to bid in such a way that the total of the lot ratings of the lots on which the bidder is active in any 1 round exceeds the bidder's eligibility points at the time of the bid.

Note   As to when a bidder is active, see subclause 5 (2).

 (4) To ensure that a bidder's eligibility points are not exceeded, the ACMA must process the bidder's bids as follows:
 (a) bids will be processed in order of lot number, starting with the lowest number;
 (b) bids will be processed so that the total of the lot ratings for those bids does not exceed the bidder's eligibility points;
 (c) if the lot rating for a bid to be processed would result in the progressive total of lot ratings exceeding the bidder's eligibility points — the ACMA must not process that bid or any further bids of the bidder and must treat the bid and those further bids as if they had not been made.

13 Bidding activity targets

  Subject to the waiver provisions in clause 15, a bidder must bid in such a way during a round that the total of the lot ratings of the lots on which the bidder is active in that round is equal to or greater than the bidder's activity target for the round.

Note 1   For activity target, see subclause 5 (1).

Note 2   A bidder who does not bid in the way mentioned in this clause may lose eligibility points in accordance with clause 14.

14 Loss of eligibility points

 (1) A bidder's eligibility points for a round (the next round) will be reduced to an amount worked out in accordance with subclause (2), if:
 (a) the bidder does not meet its activity target in a round (the current round); and
 (b) the bidder:
 (i) does not exercise a waiver in the current round; or
 (ii) tells the auction manager that a waiver under subclause 15 (5) is not to be exercised.

 (2) The amount of a bidder's eligibility points, rounded up to an integer, under subclause (1) for the next round is to be worked out as follows:

where:
E is the bidder's eligibility points for the next round; and
R is the sum of the lot ratings of the lots on which the bidder was active in the current round; and
P is the eligibility percentage that applied in the current round.
Example
A bidder's eligibility points at the start of a round is 20 000. The activity requirement for the round is 60%