15Reserve price not paid or Form of Acknowledgment not lodged

15 Reserve price not paid or Form of Acknowledgment not lodged

(1) If the nominated applicant fails to comply with clause 14 in relation to a licence, the nominated applicant ceases to be the nominated applicant for the licence.

(2) However, the person is taken to have continued to be the nominated applicant for the licence after the day notified under subparagraph 13 (a) (iv) if the ACMA:

(a) extends the period for compliance with clause 14 after that day; and

(b) has not re-offered the licence in accordance with subclause 31 (2) before attempting to extend the period.