Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:15:p2
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 15 (pt 2/3)
Character Range: 200001–202392

set-aside lot of the 900 upper regional product; minus
 (v) if, in the same clock round, the bidder made a decrease bid for the lots of one or both of the other regional products – the sum of the total size of the lots of each such product for those decrease bids;
  in the clock round does not exceed the bidder's allocation limits (when expressed in MHz) applicable to the regional products;
 (f) for an increase bid for lots of a product – the sum of:
 (i) the number of lots for the bidder's start demand of the product; and
 (ii) the number of lots for the increase bid for the product;
  in the clock round is not greater than the number of lots for the supply of the product;
 (g) 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 2 lots of the product;
 (h) 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 decrease bid for the product;
  in the clock round is not less than zero;
 (i) 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 for the bidder's start demand for the product; and
 (ii) the number of lots for the decrease bid for the product;
  in the clock round is either zero or at least 2 lots of the product;
 (j) for an increase bid or decrease bid – the result, 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; plus
 (ii) the total value of the lots of each product, in eligibility points, for all the increase bids of the bidder; minus:
 (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.
Note 1: For paragraphs (d) and (e), see section 7 of the spectrum licence limits direction.
Note 2: Subsection 64(2) allows the auction manager to permit a bid to be made after a clock round has ended, in certain circumstances.
 (2) If a bidder