Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:2:p10
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 2 (pt 10/13)
Character Range: 180549–183114

bidder in the secondary stage; and
            (iv)        the total size of the lots of the lower band product and the related upper band product allocated to the bidder in the primary stage;
          does not exceed the bidder's allocation limits (when expressed in MHz) applicable to those combined products;
         (f) the bid is not prohibited by subclause 1A(3) or 1A(4) or 1A(5).
           Note 1: The effect of paragraph (a) is that, to be valid, a bid must be either a continue bid or an exit bid.
           Note 2: The definition of bid in subclause 2(1) includes a bid that is taken to be made.
           Note 3: The spectrum licence limits direction sets limits on the allocation of spectrum licences to a single person, or a specified group of persons, in designated areas. However, in the marketing plan, the lots in the Greater Perth, Hobart and Margaret River areas are each divided into two different products, such that each area has a lower band product and an upper band product. For the purposes of the allocation limits, the two products of each area are treated as just one product. For all other purposes, they are to be treated as two products.

      13 Exit bids – exclusion from further participation
      If, in a round of the secondary stage, both of the following occur:
         (a)      a bidder (the exit bidder) makes an exit bid on a lot (whether or not any other bidder also makes an exit bid on the lot); and
         (b)      two or more bidders make a continue bid on the lot;
      the exit bidder cannot make a bid on the lot in any subsequent round of the secondary stage.

           Note 1: For a round of the secondary stage where the only bids on a lot are exit bids, or only one continue bid is made in addition to any exit bids, see Part 4 of this Schedule.

           Note 2: The definition of bid in subclause 2(1) includes a bid that is taken to be made.

Part 4—Determining the secondary winners and secondary prices

      14 Final round for bids on a lot, final round of the secondary stage, and final high bid
      (1) The final round for bids on a lot is the first round of the secondary stage where one of the following applies:
         (a)      only one bid is made on the lot; or
         (b)      one or more exit bids, and no more than one continue bid, are made on the lot; or
         (c)      no bids are made on the lot.

          Note 1: For rules about bidding, see clauses 10, 11, 12 and 13.

          Note 2: The definition of bid in subclause 2(1) includes a bid that is taken to be