Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:108:p2
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 108 (pt 2/3)
Character Range: 160468–162994

and
 (b) the bidder's provisional posted demand for the lots of the product is the sum, in number of lots, of:
 (i) the bidder's start demand for the product for the clock round; and
 (ii) if the current bid is a part of an earlier increase bid that was applied in part—the number of lots of the product in the part of the earlier bid that was already applied; and
 (c) to avoid doubt, subsection (6) does not apply to the current bid.

Increase bid applied in full
 (5) If the lesser of the available activity and the available limit, immediately before the current bid is processed, equals or exceeds the demand change for the current bid then, subject to subsection (7):
 (a) the current bid is applied in full; and
 (b) the bidder's provisional posted demand for the lots of the product is the sum, in number of lots, of:
 (i) the bidder's start demand for the product for the clock round; and
 (ii) the demand change for the current bid; and
 (iii) if the current bid is a part of an earlier increase bid that was applied in part—the number of lots of the product in the part of the earlier bid that was already applied.

Increase bid applied in part
 (6) If, immediately before the current bid is processed, the demand change for the current bid exceeds the lesser of the available activity and the available limit then, subject to subsection (7):
 (a) the current bid is applied in part to the extent of the number of lots in the lesser of the available activity and the available limit; and
 (b) to the extent of the number of lots that comprises the excess, the current bid is unapplied; and
 (c) the bidder's provisional posted demand for the lots of the product is the sum, in number of lots, of:
 (i) the bidder's start demand for the product for the clock round; and
 (ii) the number of lots applied under paragraph (a); and
 (iii) if the current bid is a part of an earlier increase bid that was applied in part—the number of lots of the product in the applied part of the earlier bid.
Note: The remainder of the increase bid will still have to be processed for the current clock round: see subsection 107(2).

Minimum spectrum requirement—increase bid rejected
 (7) Despite subsections (5) and (6), if:
 (a) the bidder elected to adopt the minimum spectrum requirement for the product; and
 (b) the provisional posted demand calculated in accordance with subsections (5) and (6) would have been one lot of the product;
then:
 (c) the increase bid is rejected; and
 (d) the bidder's provisional posted demand for