Document ID: chunk:federal_register_of_legislation:F2017L01255:clause:1_13
Version: federal_register_of_legislation:F2017L01255
Segment Type: clause
Provision Reference: sch 1 cl 13
Character Range: 111149–111746

13  Close of the auction
 (1) The auction will close immediately after:
 (a) if:
 (i) clause 12 applies in relation to a third product lot; and
 (ii) for each other third product lot, either:
                  (A) there is a winning bidder for the lot; or
                  (B) there were no bids on the lot in the first round in stage 3;
  – the pseudorandom selection mentioned in subclause 12(2) occurs; or
 (b) in any other case – the final round of the auction.
 (2) After the auction closes, the auction manager must tell each bidder, using the auction system, that the auction has closed.