Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:3:p6
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 3 (pt 6/12)
Character Range: 201135–203912

subclause (6).

(6) For paragraph (5)(c), the formula is:
      subject to  satisfying paragraphs (5)(a) and (5)(b),
where:
  is a set of assignment prices.
  is the index of each bidder (j) in the set of all bidders participating in the assignment round (J).
  is the set of prices the bidders' assigned lots would have had at the starting prices for the lots.
  is the set of Vickrey prices for the bidders, the price for each bidder j being:
       (a) the sum of bid prices for the combination of assignment bids that would have been selected under subclause 7(3) if bidder j had submitted assignment bids of zero dollars for every frequency range option; less
       (b) the sum of bid prices for all other winning assignment bids in the assignment round.

          Note: For starting prices, see paragraph 27(1)(a) or 37(1)(a).

(7) A bidder who has assignment prices for winning assignment bids in an assignment round is an assignment winner in the assignment stage for an assignment of a frequency range or frequency ranges to lots of a product or group of products.

(8) For the purposes of subclause (9), the total assignment price for assignment of a frequency range or frequency ranges to lots of a product or group of products in the assignment stage is an amount equal to the sum of the assignment prices for the assignment of all frequency ranges of the assignment winner.

(9) The total assignment price is to be paid by the assignment winner.

(10) The assignment prices calculated under subclause (5) must be rounded to the nearest hundred.
          Note: This clause relates to Division 2 of Part 6 of this instrument for the purposes of section 294 of the Act and is disallowable under section 42 of the Legislation Act 2003.

Part 5—Bringing the assignment stage to an end

      9 Results of the assignment stage

 After the end of all assignment rounds, the auction manager must tell each winning assignment round bidder in writing:
(a)      the frequency ranges assigned to the lots of each product that were allocated to the bidder in the primary stage or secondary stage; and
(b)      any assignment price for the frequency ranges assigned.

      10 End of the assignment stage

  The assignment stage is complete when the auction manager has, under clause 9, notified all those bidders of the results of every assignment round.

            Schedule 4 —Payment of balance of the winning price greater than zero and issue of spectrum licence
            (subparagraphs 9(3)(b)(i) and 9(3)(c)(i), section 68, subparagraphs 75(1)(e)(i) and 75(1)(e)(ii) and paragraph 76(a))

Part 1—Application and interpretation

      1 Application of Schedule

  This Schedule applies to the payment of the balance of the winning price by a winning bidder that is