Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:4:p23
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 4 (pt 23/38)
Character Range: 61345–64164

paragraph 27(1)(c). If a selection is not made for a product, the applicant is taken to have no provisional minimum spectrum requirement for the lots of that product.

          Note: An applicant may select a provisional minimum spectrum requirement for the lots of any product, even if the applicant has not specified a provisional start demand for the lots of a product in its eligibility nomination form.

36 Eligibility payment or deed of financial security required for maximum eligibility points
 (1) An applicant must, before the eligibility deadline or extended eligibility deadline (if there is one), secure the applicant's maximum eligibility points by:
(a)      making an eligibility payment of an amount to the ACMA on behalf of the Commonwealth; or
(b)      giving the ACMA on behalf of the Commonwealth a deed of financial security, which has been completed in the approved form and executed, for an amount; or
(c)      making an eligibility payment of part of an amount and giving a deed of financial security for the remainder.
          Note: For information on how an eligibility payment is made, see section 9. For information on how a deed of financial security is given, see section 7 and subsections (7) and (8).
 (2) The amount (when expressed in dollars) required to secure the maximum eligibility points specified by the applicant in its completed eligibility nomination form (or updated eligibility nomination form) is 10% of the sum of, for each product, the amount calculated by multiplying the provisional start demand (when expressed in lots) for a product, as specified in the relevant form, by the starting price for the lots of that product.
 (3) If an applicant makes an eligibility payment or gives a deed of financial security (or both) for an amount less than the amount under subsection (2), the ACMA must, in writing, notify the applicant that:
         (a)      the applicant has made an eligibility payment or given a deed of financial security (or both), whichever is the case, for less than the amount under subsection (2); and
         (b)      the applicant must, before the eligibility deadline or extended eligibility deadline (if there is one), or no later than 3 working days after the date of the notice, whichever is the later, make an eligibility payment or give a deed of financial security (or both) for the remainder of the amount under subsection (2).
       (4)If the applicant does not comply with the notice given under subsection (3):
         (a)      subject to paragraph (c), the maximum eligibility points secured by the applicant is calculated by dividing the amount in subsection (3) by the amount in subsection (2), and multiplying that quotient by the maximum eligibility points specified by the applicant in its completed eligibility nomination form