Document ID: chunk:federal_register_of_legislation:F2016L01970:clause:1_13
Version: federal_register_of_legislation:F2016L01970
Segment Type: clause
Provision Reference: sch 1 cl 13
Character Range: 121826–122632

13  Tiebreaker for 5 MHz lot
 (1) This section applies in relation to the 5 MHz lot if:
 (a) no continue bid was made on the 5 MHz lot in the final round of the auction;
 (b) two or more exit bids were made on the 5 MHz lot in the final round of the auction;
 (c) of those exit bids:
 (i) two or more of those exit bids were equal (the tied exit bids); and
 (ii) the tied exit bids were greater than each other exit bid mentioned in paragraph (b).
 (2) Where this section applies, the winning bidder for the 5 MHz lot will be selected from the bidders who made the tied exit bids by pseudorandom selection.
 (3) For the purposes of paragraph 11(4)(d) of this Schedule, the final high bid for the 5 MHz lot is the amount of the last bid made by the winning bidder.

Part 4—Bringing the auction to a close