Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:3:p4
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 3 (pt 4/12)
Character Range: 196175–198889

for the lots of a product that were allocated to the bidder in the primary stage or secondary stage.

      5 Assignment bids

(1) An assignment bid consists of:
(a)      the frequency range option that is being bid for; and
(b)      a bid price for the frequency range option that is a multiple of one hundred.

(2) A bidder may submit a single assignment bid for any option in the list of frequency range options provided by the auction manager. A bidder is not permitted to bid for any other frequency range.
      (3) Except where subsection 54(1) or 54(2) applies, a bidder's assignment bid is taken to have been made in an assignment round when the assignment bid has passed data validation checks that are performed by the auction system.

          Note: Subsection 54(1) allows the auction manager to permit an assignment bid to be made other than by using the auction system, in certain circumstances.  Subsection 54(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.

(4) A bidder may change, delete or replace an assignment bid in the auction system during an assignment round as often as desired, subject to the data validation checks that are performed by the auction system. The assignment bid that will be treated as binding for a bidder is the assignment bid in the auction system at the end time of the assignment round.

(5) Any frequency range option for which no assignment bid is received, or for which an invalid assignment bid is received, is taken to have an assignment bid with a bid price of zero dollars.

(6) If a bidder does not submit any assignment bid, the bidder will be taken to have bid zero dollars for every frequency range option.

      6 Validity of assignment bids

  An assignment bid is valid if:
         (a)        except where subsection 54(2) applies, the assignment bid is received between the start time and end time of the assignment round for the product or group of products; and
(b)      the assignment bid is for a frequency range option made available to the bidder; and
(c)      the amount bid for the frequency range option is a multiple of one hundred.
          Note: Subsection 54(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.

Part 4—Determining winning assignment bids and assignment prices

      7 Determination of winning assignment bids

(1) After an assignment round has ended, the auction manager must determine the winning assignment bids for each product or group of products bid for in the assignment round and tell each winning assignment round bidder its winning assignment