Document ID: chunk:federal_register_of_legislation:F2016L01970:reg:40
Version: federal_register_of_legislation:F2016L01970
Segment Type: reg
Provision Reference: reg 40
Character Range: 48662–49827

40  Simplified outline of this Part

      This Part deals with the procedures to be undertaken if, having regard to the information provided by applicants in relation to their preferred lots, the ACMA considers it can allocate spectrum licences without conducting an auction.
      In these circumstances, the ACMA will offer to allocate spectrum licences to the relevant applicants.  An applicant who accepts the offer will have the choice of paying an upfront pre-determined price, which is the sum of the starting prices of the lots to be included in the spectrum licence, or a delayed pre-determined price, which is the sum of the starting prices of the lots to be included in the spectrum licence plus an additional percentage of that sum.  The delayed pre-determined price is to be paid in three instalments.  The first instalment is to be accompanied by a bank guarantee that secures the payment of 5 per cent of the second and third instalments.
      If an applicant accepts the offer, but fails to pay the upfront pre-determined price or the first instalment of the delayed pre-determined price, the applicant is not entitled to be issued the licence.