Radiocommunications (Issue of Broadcasting (Narrowcasting) Transmitter Licences) Determination No. 1 of 1996
24Bidding
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24 Bidding
(1) The person conducting a Licence Allocation Exercise may start the bidding at any amount that he or she thinks is appropriate.
(2) If the bidding for a licence does not reach the reserve price for the licence, the Licence Allocation Exercise for that licence is terminated.
(3) If a dispute arises during a Licence Allocation Exercise concerning:
(a) a bid; or
(b) a person’s entitlement to bid; or
(c) the conduct of the Licence Allocation Exercise;
the person conducting the Licence Allocation Exercise must determine the dispute, and must then, as he or she thinks is appropriate:
(d) continue the Licence Allocation Exercise; or
(e) terminate the Licence Allocation Exercise; or
(f) re-start the bidding at an amount that he or she thinks is appropriate.
(4) A decision under subclause (3) of the person conducting a Licence Allocation Exercise is final.
(5) If a Licence Allocation Exercise for a licence is terminated under this clause, the ACMA is not obliged to continue the issue of the licence as advertised.
Note See clause 31 regarding the re-offer of a licence for which a Licence Allocation Exercise has been terminated.