Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:2:p1
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 2 (pt 1/5)
Character Range: 148260–150936

Schedule 2—Rules for the secondary stage of the auction
(subsections 4(1) and 49(2))

Part 1—Application and interpretation

      1 Application of Schedule
      (1) This Schedule applies to a lot of a product that is available in the secondary stage of the auction determined in accordance with subclause (2) (the residual lot).
          Note: If all lots of each product were allocated in the primary stage, there is no secondary stage.
      (2) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is equal to -1, the number of residual lots of the product available in the secondary stage of the auction is 1.
      (3) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is not equal to -1, there are no residual lots of the product available in the secondary stage of the auction.
      (4) In this clause, excess demand has the meaning given by subclause 2(1) of Schedule 1.

      1A Bidders to choose between Perth lots, or not to bid on Perth lots
      (1)     If:
         (a)      this Schedule applies to both one lot for the Perth lower band product and one lot for the Perth upper band product (the two Perth lots); and
         (b)      there is at least one bidder (the affected bidder) for which:
(i)            the sum (when expressed in MHz) of the size of the two Perth lots and the size of the lots of the Perth combined products allocated to the bidder in the primary stage would exceed the bidder's allocation limits applicable to the Perth combined products; and
(ii)         the sum (when expressed in MHz) of the size of one of those two Perth lots and the size of the lots of the Perth combined products allocated to the bidder in the primary stage would not exceed the bidder's allocation limits applicable to the Perth combined products;
      then, before the first round of the secondary stage:
         (c)      the auction manager must, in writing, notify all affected bidders that one lot for the Perth lower band product and one lot for the Perth upper band product are available for bidding in the secondary stage; and
         (d)      the auction manager must nominate a time and date, which is before the first round of the secondary stage, before which an affected bidder may make a nomination under subclause (2) (the nomination deadline).
      (2)     Before the nomination deadline, a bidder may nominate in writing either (but not both):
         (a)      to bid on the lot for the Perth lower band product; or
         (b)       to bid on the lot for the Perth upper band product.
      (3)      If a