Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:89
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 89
Character Range: 127445–128339

89  Payment of balance of total winning price
 (1) If the balance of the total winning price for a winning bidder is an amount greater than zero, the ACMA must notify the winning bidder, in writing, of the following:
 (a) the bidder's winning price in relation to each auction;
 (b) the total of the winning prices referred to in paragraph (a);
 (c) the effect on the balance of the total winning price of any eligibility payments made under section 41;
 (d) that the balance of the total winning price must be paid in full;
 (e) the date by which the balance of the total winning price must be paid to the ACMA.
 (2) For paragraph (e), the date must be at least 20 working days after the ACMA notifies the winning bidder under subsection (1).
 (3) If the ACMA becomes aware that a notice under subsection (1) contains a material error, the ACMA must give the winning bidder a revised notice.