22Notice to registered applicant

22 Notice to registered applicant

(1) Within 25 business days after the closing date, the ACMA must give each registered applicant who is eligible to participate in an auction for a particular lot:

(a) a notice setting out the following:

(i) that there is more than one registered applicant eligible to participate in the auction for the lot and the number of applicants for the lot;

(ii) that the ACMA will conduct an auction in relation to that lot;

(iii) the starting time and date for the auction;

(iv) information about accessing the auction system or auction centre;

(v) the auction deposit amount for that lot;

(vi) the date by which the auction deposit for the lot must be paid and by which the Nomination of Agent Form must be lodged; and

(b) a Nomination of Agent Form to be completed for each person authorised by the applicant to bid at the auction.

(2) The ACMA:

(a) subject to subsection (3), may change the details of information mentioned in subparagraphs (1)(a)(i), (iii) and (iv); and

(b) must tell all affected applicants of the change, in writing, as soon as practicable after making the change.

(3) The ACMA must not change the starting date of the auction to an earlier date.

(4) If an auction deposit is not paid by a registered applicant by the date set out in the notice in subparagraph (1)(a)(vi), the application for that lot will be taken to be withdrawn.

Note: If an application is taken to be withdrawn under subsection 22(4), entry fees are not refundable: see subsection 42(1)(b).