Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:3
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 3
Character Range: 239851–241350

3  Schedule for assignment rounds
 (1) After the completion of the secondary stage (or the primary stage, if there is no secondary stage), the auction manager must announce:
 (a) the anticipated start time and end time of each assignment round; and
 (b) the product or products that will be the subject of each assignment round.
 (2) There must be at least 48 hours between the completion of the secondary stage (or primary stage, if there is no secondary stage), and the start of the first assignment round.
Note: See Division 3 of Part 5 of this instrument for things that may need to happen between the completion of the primary stage and secondary stage (if any), and the start of the first assignment round.
 (3) Assignment rounds must start and end between 9:00 am and 5:00 pm on working days.
 (4) The auction manager must prepare an anticipated schedule for the assignment rounds between those times.
 (5) There is no maximum or minimum length for an assignment round, and no maximum or minimum length for the interval between two rounds.
 (6) The auction manager must set the order in which the products are subjects of assignment rounds.
 (7) Two or more products may be the subject of a single assignment round.
 (8) A product must not be the subject of more than one assignment round.
 (9) Despite anything else in this Schedule, a 900 lower product must not be the subject of an assignment round.
 (10) This clause is subject to subclause 4(8).

Part 3 Bidding in the assignment stage