Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:2b:p1
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 2B (pt 1/4)
Character Range: 166817–169240

2B  Applying an increase bid
Available activity
 (1) In this clause, the available activity (in eligibility points) of a bidder, immediately before an increase bid is to be processed (the relevant bid), is equal to the sum of:
 (a) the difference between:
 (i) the eligibility points of the bidder at the start of the clock round; and
 (ii) the sum of the lot ratings for the total of the start demands of the bidder for each product at the start of the clock round; and
 (b) the difference between:
 (i) the sum of the lot ratings of each product in each decrease bid that has already been applied in full or in part, before the relevant bid is processed; and
 (ii) the sum of the lot ratings of each product in each increase bid that has already been applied in full or in part, before the relevant bid is processed.
Increase bid applied in full
 (2) Subject to subclauses (4), (5), (6), (7), (8) and (10), if, immediately before an increase bid is processed, the available activity (in eligibility points) is equal to or greater than the sum of the lot ratings for the increase bid that is to be processed, the increase bid is applied in full, such that the provisional posted demand of a bidder for lots of a product, is equal to the sum of:
 (a) the number of lots of the product for the start demand of the bidder; and
 (b) the number of lots for the parts of the increase bid of the product that have already been applied in part, if any, before the remainder of the increase bid is to be processed; and
 (c) the number of lots of the increase bid of the product in the bid that is being processed.
Increase bid applied in part
 (3) Subject to subclauses (4), (5), (6), (7) and (10), if, immediately before an increase bid is processed, the available activity (in eligibility points) is less than the sum of the lot ratings for the increase bid that is to be processed, the increase bid is applied in part, such that the provisional posted demand of a bidder for lots of a product is equal to the sum of:
 (a) the number of lots of the product for the start demand of the bidder; and
 (b) the number of lots for the parts of the increase bid of the product that have already been applied in part, if any, before the remainder of the increase bid is to be processed; and
 (c) the quotient, when expressed in number of lots, of:
 (i) the available activity (in eligibility points); and
 (ii) the lot rating for the lot