Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:42:p3
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 42 (pt 3/4)
Character Range: 86618–89323

quotient from subparagraph (iii) by the maximum eligibility points specified by the applicant in its completed eligibility nomination form (or updated eligibility nomination form); and
 (v) fifth, rounding down the result from subparagraph (iv) to the nearest whole point, or zero if the result is less than one; and
 (e) the provisional start demands of the applicant are reduced, commencing with a lot or lots of the product with the lowest lot rating being removed from the applicant's provisional start demand, until the sum of the lot ratings for the remaining provisional start demands of the applicant is not greater than the maximum eligibility points secured by the applicant calculated under paragraph (d); and
 (f) if, after the steps in paragraphs (d) and (e) are taken, the difference between:
 (i) the maximum eligibility points secured by the applicant (the provisional secured points); and
 (ii) the sum of the lot ratings for the number of lots of each product for which the applicant has a provisional start demand;
  is greater than zero – that difference is subtracted from the provisional secured points to give the number of maximum eligibility points secured by the applicant.
 (6) If:
 (a) the applicant is a set-aside participant; and
 (b) the applicant does not comply with the notice given under subsection (3); and
 (c) the incomplete amount is less than 10% of the sum of:
 (i) the starting price for lots of the 900 upper major population product; and
 (ii) the starting price for lots of the 900 upper regional product;
  the applicant is not entitled to bid during the primary stage and the secondary stage.
 (7) If:
 (a) as a result of paragraph (4)(c), (4)(e), (5)(d) or (5)(f) the applicant has zero maximum eligibility points; or
 (b) as a result of paragraph (4)(d) or (5)(e), the applicant has no provisional start demands;
  then:
 (c) for a set-aside participant – the set-aside participant is not entitled to bid during the primary stage and the secondary stage; or
 (d) in any other case – the applicant is taken to have withdrawn its application.
 (8) The ACMA must:
 (a) if an applicant has had its maximum eligibility points and provisional start demands calculated in accordance with subsection (4) or (5) – enter the amounts calculated for the applicant in the register and tell the applicant in writing; or
 (b) if a set-aside participant is not entitled to bid during the primary stage or secondary stage as a result of subsection (6) or paragraph (7)(c) – tell the set-aside participant in writing; or
 (c) if an applicant is taken to have withdrawn its application under paragraph (7)(d) – tell the applicant in writing.
 (9) A deed of financial security