Document ID: chunk:federal_register_of_legislation:F2016L01970:reg:75:p3
Version: federal_register_of_legislation:F2016L01970
Segment Type: reg
Provision Reference: reg 75 (pt 3/3)
Character Range: 90724–92101

amounts secured by the delayed winning price bank guarantee.
 (8) If a spectrum licence is issued to a winning bidder in accordance with subsection 76(2), each of the first auction instalment, the second auction instalment and the third auction instalment is not refundable in any circumstances.
 (9) If a delayed winning price bank guarantee is given to the ACMA by email or fax before the date mentioned in subsection (7), the original guarantee must be received by the ACMA no later than 3 working days after that date (or, if the ACMA agrees to a later time, the agreed time) for the guarantee to be taken to have been given to the ACMA.
 (10) For the purposes of subsection (3), the gross auction price for a winning bidder is worked out as follows:
 (a) identify each lot to be included in the licence;
 (b) add up the winning price of each such lot.
 (11) For the purposes of subsection (7), the secured auction amount is:
 (a) in the period commencing on the date mentioned in subparagraph (3)(b)(i) and ending on the date (if any) the second auction instalment is paid – 5 per cent of the sum of the second auction instalment and the third auction instalment;
 (b) in the period commencing on the day after the date the second auction instalment is paid and ending on the date (if any) the third auction instalment is paid – 5 per cent of the third auction instalment.