Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:11
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 11
Character Range: 226580–227969

11  General rules about bidding
 (1) A bidder:
 (a) may only make a bid on a lot if the lot meets the minimum spectrum requirement test for the bidder; and
 (b) may only make a bid that is valid in accordance with clause 13; and
 (c) must not make a bid on a lot if subclause 2(6) or 2(7), or clause 8 or 14, provides that the bidder cannot make, or is not entitled to make, a bid on the lot.
 (2) Except where subsection 64(1) or 64(2) applies, a bidder's bid in a round of the secondary stage is taken to have been made when the bid has passed data validation checks that are performed by the auction system.
Note: Subsection 64(1) allows the auction manager to permit a bid to be made other than by using the auction system, in certain circumstances. Subsection 64(2) allows the auction manager to permit a bid to be made after a clock round has ended, in certain circumstances.
 (3) A bidder may change, delete or replace a bid in the auction system during a round of the secondary stage as often as desired, subject to the data validation checks performed by the auction system. The bid for the lot of a product that is treated as binding for a bidder is the bid in the auction system at the end time of the round.
Note: See clauses 12 and 14 for some specific rules about continue bids and exit bids. The definition of bid in subclause 3(1) includes a bid that is taken to be made.