Document ID: chunk:federal_register_of_legislation:F2017L01255:reg:70
Version: federal_register_of_legislation:F2017L01255
Segment Type: reg
Provision Reference: reg 70
Character Range: 79157–79946

70  Sufficient deposit – issue of spectrum licence without further payment
 (1) If, for a winning bidder, the balance of the winning price is less than zero:
 (a) the ACMA must refund the deposit in excess of the total of the winning price for the winning bidder; and
 (b) the bidder is entitled to be issued a spectrum licence for each part of the spectrum represented by the lots won by the bidder without further payment.
Note: For the issue of spectrum licences, see section 62 of the Act.
 (2) If, for a winning bidder, the balance of the winning price is zero, the bidder is entitled to be issued a spectrum licence for each part of the spectrum represented by the lots won by the bidder without further payment.
Note: For the issue of spectrum licences, see section 62 of the Act.