Document ID: chunk:federal_register_of_legislation:F2018L01065:clause:2_5:p5
Version: federal_register_of_legislation:F2018L01065
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 5/9)
Character Range: 167741–170389

than the starting price for the lot; or
            (ii)         if the round is for bids on a lot, other than the first round of the secondary stage – the bid is not less than the specified price of the lot in the previous round of the secondary stage;
         (b)      subject to subsection 50(2), the bid is received by the auction system between the start time and end time of the round;
         (c)      the bid is a multiple of one hundred;
         (d)      for each product, other than the Perth lower band product and the Perth upper band product, the sum (when expressed in MHz) of:
            (i)            the size of the lot of the product bid for in the round of the secondary stage; and
            (ii)         the total size of the lots of the product allocated to the bidder in the primary stage;
          does not exceed the bidder's allocation limits (when expressed in MHz) applicable to the product;
         (e)      without limiting paragraph (f), for the Perth combined products, the sum (when expressed in MHz) of:
            (i)            the size of the lot of the Perth lower band product or the Perth upper band product bid for in the round of the secondary stage; and
            (ii)         for a lot that is a unit of the Perth lower band product  – the size of the lot of the Perth upper band product already allocated to the bidder in the secondary stage; and
            (iii)       for a lot that is a unit of the Perth upper band product – the size of the lot of the Perth lower band product already allocated to the bidder in the secondary stage; and
            (iv)        the total size of the lots of the Perth lower band product and the Perth upper band product allocated to the bidder in the primary stage;
          does not exceed the bidder's allocation limits (when expressed in MHz) applicable to the Perth combined products;
         (f) the bid is not prohibited by subclause 1A(3) or 1A(4) or 1A(5).
           Note 1: The effect of paragraph (a) is that, to be valid, a bid must be either a continue bid or an exit bid.
           Note 2: The definition of bid in subclause 2(1) includes a bid that is taken to be made.
           Note 3: The spectrum licence limits direction sets limits on the allocation of spectrum licences to a single person, or a specified group of persons, in the Perth area (among other areas). However, the lots in the Perth area are divided into two different products: the Perth lower band product and the Perth upper band product.  For the purposes of the allocation limits, the two products are treated as just one product. For all other purposes, they are