140Validity of assignment bids

140  Validity of assignment bids

 (1) A bid in the assignment stage is valid if:

 (a) except where subsection 61(2) applies, the assignment bid is received between the start time and end time of the assignment round for the product or group of products; and

 (b) the bid is for a frequency range option for lots of a product that were allocated to the bidder in the primary stage or secondary stage (if any) of the auction; and

 (c) the bid is for a frequency range option in the list of frequency range options determined for the bidder under section 135; and

 (d) the bid price is a multiple of one hundred dollars.

Note: Subsection 61(2) allows the auction manager to permit an assignment bid to be made after an assignment round has ended, in certain circumstances.

 (2) A valid bid in the assignment stage is an assignment bid.

Note: A bidder may also be taken to have made an assignment bid, see sections 141 and 142.