Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:101:p1
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 101 (pt 1/2)
Character Range: 138619–141148

101  Pre‑bidding round

Entries by bidders
 (1) After the auction manager has made the entries in section 98 and during the pre‑bidding round, a bidder may, using the auction system:
 (a) enter a number of lots of each product for the first clock round, subject to subsection (2); and
 (b) on a product by product basis, elect to adopt the minimum spectrum requirement for the primary stage.
Note 1: A bidder may also be taken to make an entry in the circumstances specified in section 61.
Note 2: The minimum spectrum requirement is 2 lots.

Validity rules for start demand in pre‑bidding round
 (2) For the purposes of paragraph (1)(a), the number of lots of a product entered in the auction system under paragraph (1)(a) by a bidder is valid if:
 (a) the number of lots entered does not exceed the bidder's unused allocation limit for the auction for the product; and
 (b) if the bidder elected to adopt the minimum spectrum requirement for the product—the number of lots entered is not 1; and
 (c) the number of lots entered does not exceed the supply of the lots of the product; and
 (d) taking into account the number of lots entered in the auction system by the bidder for all products:
 (i) the sum of the lot ratings for those lots equals or is less than the bidder's eligibility points just before the start of the pre‑bidding round; and
 (ii) the number of lots entered would not result in a person exceeding the allocation limit for the area of any product.
 (3) If the number of lots of a product recorded in the auction system for a bidder under paragraph (1)(a) is valid, that number is the bidder's start demand for lots of the product for the first clock round.
Note: Because of the way bids are processed (in particular decrease bids) it is possible that the bidder's start demand for lots of a product for the first clock round will be the bidder's posted demand for that product in the final clock round, resulting in the bidder being allocated a spectrum licence for the lots in its start demand. This can be the case even if the bidder made only decrease bids for lots of the product in all the clock rounds.

Entries to be made known to each bidder
 (4) After the end of the pre‑bidding round, the auction manager must provide the following information to each bidder, using the auction system:
 (a) the bidder's start demands for the lots of each product for the first clock round;
 (b) for each product, whether the bidder elected to adopt the minimum spectrum requirement for the primary stage;
 (c) the