Document ID: chunk:federal_register_of_legislation:F2015L01440:body:0:p8
Version: federal_register_of_legislation:F2015L01440
Segment Type: other
Provision Reference: 
Character Range: 17636–20260

in accordance with section 2.5 by the date specified by the ACMA under subparagraph 4.5 (1) (a) (v).
 (3) An auction deposit will be fully refundable if the applicant withdraws prior to the commencement of the auction or if the applicant is not a successful bidder in respect of a particular lot.
 (4) An auction deposit is forfeited if the applicant defaults in respect of the applicant's obligations under section 6.3.
 (5) Only registered applicants who have paid an auction deposit for a particular lot will be eligible to bid on that lot.
4.7 Confirmation of registration for auction
  Within 15 business days before the commencement of the auction the ACMA will confirm in a notice to each registered applicant:
 (a) the applicant's payment of the auction deposit for each lot;
 (b) each person (if any) in respect of whom a Form of Authority has been lodged by that applicant;
 (c) each lot that the applicant is eligible to bid for; and
 (d) whether the ACMA will allow telephone bidding at the auction.
4.8 Telephone bidding
 (1) The ACMA may allow bidding at an auction to be conducted by telephone.
 (2) Registered applicants who wish to bid by telephone must advise the ACMA in writing no later than 5 business days before the commencement of the auction.
 (3) Where telephone bidding has been allowed, the ACMA will issue to each registered applicant who wishes to bid in such a manner a password and a 4 digit identification number which the applicant must provide to the ACMA immediately prior to the commencement of the auction to verify the applicant's identity (verified telephone bidder).
4.9 Lodgement of another Form of Authority
 (1) This section applies if:
 (a) a registered applicant wishes to have an individual represent the applicant at an auction other than by telephone; and
 (b) the individual is not a person for whom the applicant has given the ACMA a Form of Authority under paragraph 4.5 (1) (b).
 (2) The applicant must give the ACMA a duly completed Form of Authority for the individual no later than two hours before the starting time of the auction together with confirmation that the individual for whom a Form of Authority had previously been given is no longer authorised to bid on behalf of that applicant if that is the case.
4.10 Bidder identification as registered bidder
 (1) A registered applicant, or any person in respect of whom a Form of Authority has been lodged by a registered applicant, who wishes to bid at the auction in person must register as a bidder (a registered bidder) and must present to the ACMA no later than one hour before the commencement of the auction