Document ID: chunk:federal_register_of_legislation:F2023L00865:reg:129
Version: federal_register_of_legislation:F2023L00865
Segment Type: reg
Provision Reference: reg 129
Character Range: 189967–191111

129  End of rounds of the secondary stage
 (1) Subject to subsection (3), the rounds of the secondary stage will end immediately after the last round of the secondary stage.

Meaning of last round of the secondary stage
 (2) A round in the secondary stage is the last round of the secondary stage if:
 (a) the round was a round for bids on one or more lots; and
 (b) after the round, the final round for all of the lots available in the secondary stage has occurred.

Exception for tiebreaker process
 (3) If:
 (a) the final round for a lot is also the last round of the secondary stage; and
 (b) the pseudorandom process referred to in subsection 128(4) must be conducted to determine the final high bid for one or more of those lots;
then the rounds of the secondary stage end immediately after that process or those processes have been conducted.

Auction manager must announce end of rounds of secondary stage
 (4) After the rounds of the secondary stage end, the auction manager must tell each bidder, using the auction system, that the rounds of the secondary stage have ended and that the auction will progress to the assignment stage.