19 End of the primary stage

  Immediately after the auction manager provides the results in accordance with subclauses 18(1) and 18(2), the auction manager must tell each bidder, using the auction system, that the primary stage is completed.

 

Schedule 2—Rules for the secondary stage of the auction

(subsections 4(1) and 49(2))

(1) This Schedule applies to a lot of a product that is available in the secondary stage of the auction determined in accordance with subclause (2) (the residual lot).

Note: If all lots of each product were allocated in the primary stage, there is no secondary stage.

(2) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is equal to -1, the number of residual lots of the product available in the secondary stage of the auction is 1.

(3) If, for a product, after the final clock round of the primary stage, the excess demand for the lots of the product is not equal to -1, there are no residual lots of the product available in the secondary stage of the auction.

(4) In this clause, excess demand has the meaning given by subclause 2(1) of Schedule 1.