Document ID: chunk:federal_register_of_legislation:F2018L01065:schedule:3:p4
Version: federal_register_of_legislation:F2018L01065
Segment Type: schedule
Provision Reference: sch 3 (pt 4/6)
Character Range: 184875–187595

50(2) applies, a bidder's assignment bid is taken to have been made in an assignment round when the assignment bid has passed data validation checks that are performed by the auction system.

          Note: Subsection 50(1) allows the auction manager to permit an assignment bid to be made other than by using the auction system, in certain circumstances.  Subsection 50(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.
(4) A bidder may change, delete or replace an assignment bid in the auction system during an assignment round as often as desired, subject to the data validation checks that are performed by the auction system. The assignment bid that will be treated as binding for a bidder is the assignment bid in the auction system at the end time of the assignment round.
(5) Any frequency range option for which no assignment bid is received, or for which an invalid assignment bid is received, is taken to have an assignment bid with a bid price of zero dollars.
(6) If a bidder does not submit any assignment bid, the bidder will be taken to have bid zero dollars for every frequency range option.

6 Validity of assignment bids

  An assignment bid is valid if:
(a)      except where subsection 50(2) applies, the assignment bid is received between the start time and end time of the assignment round for the product or group of products; and
(b)      the assignment bid is for a frequency range option made available to the bidder; and
(c)      the amount bid for the frequency range option is a multiple of one hundred.
          Note: Subsection 50(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.

Part 4—Determining winning assignment bids and assignment prices

7 Determination of winning assignment bids
(1) After an assignment round has ended, the auction manager must determine the winning assignment bids for each product or group of products bid for in the assignment round and tell each winning assignment round bidder its winning assignment bid.
(2) The winning assignment bids must be a combination of valid assignment bids such that:
(a)      exactly one assignment bid (whether a submitted assignment bid or an assignment bid of zero dollars taken to have been made under subclause 5(5) or 5(6)) is selected from each bidder; and
(b)      the frequency ranges included in any pair of winning assignment bids for a product or group of products do not overlap; and
(c)      if relevant, the frequency range of any unallocated lots of a product is assigned in accordance with subclause 4(3); and
(d)      if relevant, subclause