Radiocommunications (Allocation of Transmitter Licences – Low Power Open Narrowcasting Licences) Determination 2025
26Bidding in an auction
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26 Bidding in an auction
(1) Only a registered bidder may bid for a lot.
(2) A registered bidder may only bid for a lot if:
(a) the registered bidder is the registered applicant or an authorised agent of the registered applicant; and
(b) the lot is nominated by the registered applicant in the registration documents and for which an auction deposit has been paid.
(3) The auctioneer will:
(a) invite bids for the lot; and
(b) identify the registered bidder who makes the highest bid for the lot.
(4) In the event of a disputed bid:
(a) the auctioneer is the sole arbiter; and
(b) the auctioneer’s decision is final.
(5) If the highest bid made for a lot is at least equal to the reserve price for the lot, the registered applicant by or for whom the highest bid is made is the successful applicant (the successful applicant) for the lot.