48Updating eligibility nomination form and financial security

48  Updating eligibility nomination form and financial security

 (1) As soon as practicable after the ACMA sets the deadlines under subsection 25(2), the ACMA must give each applicant a copy of the updated eligibility nomination form.

 (2) No later than the extended eligibility deadline, an applicant must give the ACMA a completed updated eligibility nomination form that:

 (a) specifies the number of eligibility points the applicant wishes to have immediately before the start of the 3.7 GHz auction; and

 (b) if the applicant is eligible to apply to be directly allocated a leftover lot (see section 40), and wishes to so apply—applies to be directly allocated the leftover lot.

Note: The applicant must secure the eligibility points with an eligibility payment or deed of financial security: see section 41.

 (3) An applicant is taken to have withdrawn its application if the applicant fails to comply with subsection (2).

 (4) The ACMA must tell an applicant in writing if it is taken to have withdrawn its application under subsection (3).