Document ID: chunk:federal_register_of_legislation:F2017L01255:clause:1_2:p2
Version: federal_register_of_legislation:F2017L01255
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/4)
Character Range: 94126–96493

is a bidder that has nominated a third product lot as one of its preferred lots; or
 (b) Part 6 of the instrument applies to a third product lot.
Note: If no bidder has nominated a third product lot, or if Part 6 of the instrument does not apply to any third product lot, no bids may be made in the first round in stage 3, and the first round in stage 3 is the final round of the auction.
 (8) During a round, and subject to this Schedule:
 (a) if the round is a round in stage 1 – each bidder may make a bid on each first product lot that is one of the bidder's preferred lots;
 (b) if the round is a round in stage 2 – each bidder may make a bid on each second product lot that is one of the bidder's preferred lots;
 (c) if the round is a round in stage 3 – each bidder may make a bid on each third product lot that is one of the bidder's preferred lots.
 (9) Before the start time of each round in stage 1, the auction manager must provide the following information to each bidder who nominated a first product lot as a preferred lot, using the auction system:
 (a) the start time of the round;
 (b) the end time of the round;
 (c) the specified price that will apply to each first product lot in the round;
 (d) for each round other than the first round in stage 1 – the specified price that applied to each first product lot in the previous round;
 (e) the total number of bidders that have nominated each first product lot as a preferred lot;
 (f) any other information the ACMA considers necessary or convenient to conduct the auction.
 (10) After each round in stage 1, the auction manager must provide the following information to each bidder who nominated a first product lot as a preferred lot, using the auction system:
 (a) the bids made by the bidder during the round (if any);
 (b) if, as a result of the round, the bidder is the winning bidder for a first product lot – the winning price for that lot;
 (c) the number of bidders remaining in the auction for each first product lot after the end of the round;
 (d) any other information the ACMA considers necessary or convenient to conduct the auction.
 (11) Before the start time of each round in stage 2, the auction manager must provide the following information to each bidder who nominated a second product lot as a preferred lot, using the auction system:
 (a) the start time of the round;
 (b)