Document ID: chunk:federal_register_of_legislation:F2016L01970:clause:1_1
Version: federal_register_of_legislation:F2016L01970
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 104733–105577

1  Schedule for rounds of the auction
 (1) Rounds of the auction must start and end between 9.00 am and 5.00 pm on working days, other than a recess day.
 (2) Subject to paragraph 2(3)(a) of this Schedule, the scheduling of rounds between those times is at the auction manager's discretion.
 (3) There is no minimum or maximum length for a round, and no minimum or maximum length for the interval between rounds.
 (4) There is no upper or lower limit on the number of rounds per day.
 (5) Subject to section 58, the auction system will indicate the anticipated schedule of rounds for a given day at least 1 hour before the start time of the first round of the day.  However, the auction manager may, at any time, modify the schedule of rounds.  If this occurs, the auction manager must inform all bidders of the change as soon as practicable.