Document ID: chunk:federal_register_of_legislation:F2015L01373:body:0:p35
Version: federal_register_of_legislation:F2015L01373
Segment Type: other
Provision Reference: 
Character Range: 82919–85468

on an unsuccessful bidder will be deducted from the bidder's eligibility payment before any remaining portion of the eligibility payment is refunded.

 (7) If a withdrawal penalty is incurred by a winning bidder, the amount of the penalty will be added to the balance of winning price payable by the winning bidder under section 7.6.

Part 3 Bringing the auction to a close

19 Closing of the auction

 (1) The rounds of the auction are to continue until:
 (a) the auction is in its last stage; and
 (b) no bid is made on any lot on offer for 2 consecutive rounds; and
 (c) no bidder exercises a waiver for 2 consecutive rounds.

Note 1   The auction manager fixes the number of stages — see paragraph 4.14 (a), and may move the auction to the next stage — see clause 4.

Note 2   For general rules about bidding and bidding instructions see clause 10. For the exercise of waivers, see clause 15.

 (2) At this point, the auction manager will tell each bidder using the auction system that the auction is closed.

 (3) The exercise of a waiver by the auction manager under subclause 15 (5) does not constitute the exercise of a waiver by the bidder for paragraph (1) (c).

 (4) If bidding is continuing after 20 rounds, the auction manager may consider it necessary, to achieve a result, to close the auction at the end of a round he or she specifies (the specified closing round).

 (5) Before declaring the specified closing round, the auction manager must:
 (a) at least 2 rounds before the proposed specified closing round, tell bidders that he or she proposes to close the auction at the end of the proposed specified closing round, and ask for their comments within the time (being not less than 1 hour) set by the auction manager; and
 (b) take bidders' comments on the proposal into account in deciding whether to close the auction; and
 (c) if the auction manager decides to close the auction:
 (i) tell all bidders of the specified closing round; and
 (ii) at the end of the specified closing round, tell all bidders that the auction is closed.

 (6) If the auction is closed under subclause (5), the bidder who is the highest bidder on a lot at the close of the auction is taken to have made the highest final bid on the lot and to be the winning bidder for that lot.

Schedule 2 Parts of the spectrum
(section 1.4)

The parts of the spectrum in the 1800 MHz band are:
         (a)        the following frequency ranges:
           (i)  1725 MHz to 1785 MHz; and
          (ii) 1820 MHz to 1880 MHz;
         in the geographic areas