Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:1:p16
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 1 (pt 16/18)
Character Range: 142381–145017

band product and the Perth upper band product.  For the purposes of the allocation limits, the two products are treated as just one product. For all other purposes, they are to be treated as two products. See subsection 11(2).

         (e)      for an increase bid for lots of a product – the sum of:
            (i) the number of lots for the bidder's start demand for the product; and
            (ii) the number of lots for the bidder's increase bid for the product;
          in the clock round is not greater than the number of lots for the supply of the product;

         (f)       for an increase bid for lots of a product – for a bidder that selected a minimum spectrum requirement, if the number of lots for the bidder's start demand for the product in the clock round is equal to zero, the number of lots for the bidder's increase bid for the product in the clock round is at least the minimum spectrum requirement for the lots of the product;

         (g)  for a decrease bid for lots of a product – the difference between:
            (i)            the number of lots for the bidder's start demand for the product; and
            (ii)         the number of lots for the bidder's decrease bid for the product;
           in the clock round is not less than zero;

         (h)  for a decrease bid for lots of a product – for a bidder that selected a minimum spectrum requirement, the difference between:
            (i)            the number of lots of the bidder's start demand for the product; and
            (ii)         the number of lots for the bidder's decrease bid for the product;
          in the clock round is either zero or at least the minimum spectrum requirement for the lots of the product;

         (i) for an increase bid or a decrease bid or both – the sum, in eligibility points, of:
            (i)  the total value of the lots of each product, in eligibility points, for all the start demands of the bidder; and
            (ii)         the total value of the lots of each product, in eligibility points, for all the increase bids of the bidder;
             less:
            (iii)       the total value of the lots of each product, in eligibility points, for all the decrease bids of the bidder;
         in the clock round is not greater than the eligibility points of the bidder for the clock round.
(2) If a bidder does not make a bid, or does not make a valid bid, for lots of a product in a clock round, the bidder is taken to have requested a decrease bid for the number of lots equal to the bidder's start demand for the lots of the product in that clock round, at the opening price for