Document ID: chunk:federal_register_of_legislation:F2015L01373:body:0:p31
Version: federal_register_of_legislation:F2015L01373
Segment Type: other
Provision Reference: 
Character Range: 74069–76529

when the change takes effect.

9 All lots on offer simultaneously

  All of the lots on offer at the auction will be open for bidding in each round of the auction.

10 General rules about bidding and bidding instructions

 (1) Subject to clauses 11, 12 and 13, a bidder may bid on any combination of lots.

 (2) In particular, a bidder is not restricted to bidding only on the lots that relate to the areas the bidder nominated in its eligibility nomination form.

 (3) A bid is taken to have been made when the bidder's bid for a round of the auction has passed data validation checks that are performed by the auction system.

 (4) If 2 or more bidders make identical bids on the same lot and the bids are the high bids for the round, the bid selected by pseudorandom selection will be taken to be the high bid on that lot for the round.

 (5) A bidder may change, delete or replace a bidding instruction in the auction system as often as desired during the bidding period of a round.  The bidding instruction that will be treated as binding for a bidder is the bidding instruction in the auction system at the end time of the bidding period of a round.

11 Validity of bids

  A bid in a round is valid if all of the following apply to the bid:

         (a) it is from a list of specified bids that may be made on a lot for the round referred to in paragraph (e) of the definition of results in subclause 1 (2);

         (b) it is received between the start time and end time of the bidding period for the round, subject to subsection 6.8 (2);

          (c) for the lots in category 1 of table 1 of Schedule 1 to the Marketing Plan, the total size of the lots bid for (expressed in megahertz) does not exceed the allocation limits;

          (d)  the total of the lot ratings of the lots on which the bidder is active does not exceed the bidder's eligibility points for the round.

Note   As to when a bidder is active, see subclause 5 (2).

12 Eligibility points bidding cap

 (1) For the first round, the eligibility points of a bidder will be the initial eligibility points recorded on the register for the bidder under paragraph 6.1 (2) (f).

 (2) For any other round, the bidder's eligibility points will be the lesser of:
  (a) the bidder's eligibility points in the previous round; and
  (b) the bidder's eligibility points worked out in accordance with clause 14.

 (3) A bidder is not entitled to bid in such a way that the total of the lot