Document ID: chunk:federal_register_of_legislation:F2016L01969:reg:10
Version: federal_register_of_legislation:F2016L01969
Segment Type: reg
Provision Reference: reg 10
Character Range: 9898–10981

10  How licences will be allocated
 (1) Spectrum licences for spectrum in the 700 MHz (unallocated lots) band will be allocated by simple clock auction in accordance with the procedures set out in the allocation determination.
Note: Neither the ACMA nor the Commonwealth accepts any liability for any loss or damage suffered by any person participating in the auction.  Any person intending to participate in the auction should obtain independent legal, technical and financial advice before applying.
 (2) If, before the auction manager sets the start date and time for the first and second rounds of the auction, the ACMA considers that it may be able to allocate spectrum licences for lots without having to conduct an auction to identify the person willing to make the highest value payment for the allocation of a spectrum licence represented by those lots, the ACMA may offer to allocate spectrum licences for the lots for a pre-determined price, as set out in Part 5 of the allocation determination.
Note: See also subsection 8(6) of the residual 700 MHz spectrum direction.