Radiocommunications (Allocation of Transmitter Licences – Low Power Open Narrowcasting Licences) Determination 2025
23Payment of auction deposit
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23 Payment of auction deposit
(1) Registered applicants intending to bid at auction must pay an auction deposit for each lot they are eligible to bid for and that they intend to bid on.
(2) The auction deposit will be determined under paragraph 8(d) and must be paid in accordance with section 40 by the date specified by the ACMA under subparagraph 22(1)(a)(vi).
(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 applicant 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 35.
(5) Only registered applicants who have paid an auction deposit for a particular lot will be eligible to bid on that lot.