10Changing eligibility requirement percentage

10 Changing eligibility requirement percentage 

(1) The auction manager may, at any time during the primary stage, change the eligibility requirement percentage to be applied in calculating the activity target during a clock round.

Note: For the eligibility requirement percentage, see subclause 4(4).

1.       tell each bidder in writing of the proposed change; and
2.       ask each bidder to provide comments on the proposal within the time (being not less than 1 hour) set by the auction manager; and
3.       take into account any comments on the proposal that are received within that time.

(3) The auction manager must notify each bidder for the clock round when the change takes effect before that clock round.

Part 4—Bidding in the primary stage