59Procedures if only one bidder

59  Procedures if only one bidder

 (1) If there is only one bidder in an auction, the procedures to be applied for allocating lots of the products and assigning frequency ranges are as follows:

 (a) despite section 94, the bid increment percentage for the first clock round of the primary stage is zero percent; and

 (b) there will be one notional clock round in the primary stage, during which the bidder is treated as having made maintain bids for each product; and

 (c) the assignment stage will be conducted as soon as possible after the primary stage to enable the bidder to indicate the frequency ranges the bidder wishes to have assigned.

Note 1: In this situation, the assignment prices will be zero: see subsection 144(3).

Note 2: The assignment stage for the 3.4 GHz auction may include the allocation of leftover lots: see subsection 58(4).

 (2) The ACMA must notify the bidder as soon as reasonably practicable after the pre‑bidding round of the primary stage that it is the only bidder, and that the procedures in this section apply.