Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:2:p1
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 2 (pt 1/13)
Character Range: 158976–161644

Schedule 2—Rules for the secondary stage of the auction
            (subsections 4(1) and 53(2))

Part 1—Application and interpretation

      1 Application of Schedule
      (1) This Schedule applies to a lot of a product that is available in the secondary stage of the auction determined in accordance with subclause (2) (the residual lot).
          Note 1: If all lots of each product were allocated in the primary stage, there is no secondary stage.
          Note 2: If, for each residual lot of a product available in the secondary stage, no bidder meets the minimum spectrum requirement test or no bidder can make a bid that is valid under paragraph 12(d) or 12(e), there is no secondary stage.
      (2) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is equal to -1, the number of residual lots of the product available in the secondary stage of the auction is 1.
      (3) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is not equal to -1, there are no residual lots of the product available in the secondary stage of the auction.
      (4) In this clause, excess demand has the meaning given by subclause 2(1) of Schedule 1.

      1A Bidders to choose between lots of a combined product, or are not to bid on lots of a combined product
      (1)     For each lower band product, if:
         (a)      this Schedule applies to both one lot for the lower band product and one lot for its related upper band product (the two related lots); and
         (b)      there is at least one bidder (the affected bidder) for which:
(i)            the sum (when expressed in MHz) of the size of the two related lots and the size of the lots of the relevant combined products allocated to the bidder in the primary stage would exceed the bidder's allocation limits applicable to those combined products; and
(ii)         the sum (when expressed in MHz) of the size of one of those two related lots and the size of the lots of the relevant combined products allocated to the bidder in the primary stage would not exceed the bidder's allocation limits applicable to those combined products;
      then, before the first round of the secondary stage:
         (c)      the auction manager must, in writing, notify all affected bidders that one lot for the lower band product and one lot for the related upper band product are available for bidding in the secondary stage; and
         (d)      the auction manager must nominate a time and date, which is before the first round of the secondary stage, before which an affected bidder may