Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:8
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 8
Character Range: 223849–224702

8  When a bidder cannot make a bid on a lot
 (1) If, in a round of the secondary stage:
 (a) a bidder does not make a bid on a lot; or
 (b) a bidder is an exit bidder in the circumstances set out in clause 14 in relation to a lot;
  the bidder cannot make a bid on that lot in any subsequent round of the secondary stage.
Note 1: See clauses 12 and 14 for some specific rules about continue bids and exit bids.
Note 2: An exit bid made by the bidder may still be the final high bid for a lot, except where clause 14 applies.
 (2) If a set-aside participant is not entitled to bid during the primary stage and the secondary stage, that set-aside participant is not entitled to bid in any round of the secondary stage.
Note: See also subclauses 2(6) and 2(7) for other circumstances when a bidder is not entitled to make bids during the secondary stage.