Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:3:p12
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 3 (pt 12/12)
Character Range: 216237–217067

the winning bidder fails to pay an instalment other than the first instalment, the winning bidder, as the licensee of a spectrum licence, may contravene relevant licence conditions, as set out in the marketing plan, that are required to be included in the spectrum licence by section 67 of the Act.
           Note 2: If any of the second instalment, third instalment, fourth instalment or fifth instalment are not paid in accordance with clause 4, the ACMA or the Commonwealth may require the authorised deposit-taking institution (within the meaning of the Banking Act 1959) that has issued the bank guarantee to pay the amount secured by the bank guarantee.
           Note 3: See section 75 for when certain breaches of this instrument have occurred and section 79 in relation to other rights of the ACMA and the Commonwealth.