Radiocommunications (Spectrum Licence Allocation—3.4/3.7 GHz Bands) Determination 2023
139Making bids
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139 Making bids
(1) A bidder is entitled to bid in an assignment round if, in the primary stage or secondary stage (if any), the bidder was allocated at least one lot of a product that is the subject of the assignment round.
(2) A bidder who is entitled to bid in an assignment round is an assignment bidder in the round.
(3) A bid in the assignment stage consists of:
(a) the frequency range option that is being bid for; and
(b) a bid price for the frequency range option that is a multiple of one hundred dollars.
Note: For when bidding for a product is not required, see section 142.
(4) For each option in the list of frequency range options determined for a bidder, the bidder may (subject to subsection (6)) make one bid.
(5) Except where subsection 61(1) or (2) applies, a bid is taken to have been made in an assignment round when the bid has passed data validation checks that are performed by the auction system.
Note: Subsection 61(1) allows the auction manager to permit an assignment bid to be made other than by using the auction system, in certain circumstances. Subsection 61(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.
(6) A bidder may change, delete or replace a bid in the auction system during an assignment round as often as desired, subject to the data validation checks that are performed by the auction system. The bid that will be treated as binding for a bidder is the bid in the auction system at the end time of the assignment round.