Section 2C - Radiocommunications (Spectrum Licence Allocation — 3.6 GHz Band) Determination 2018 - Applying a decrease bid

2CApplying a decrease bid

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2C Applying a decrease bid

(1) In this clause, the provisional excess demand for lots of a product, immediately before a decrease bid is to be processed, is equal to the sum of:

(a) the excess demand for the lots of the product at the start of the clock round; and

(b) the difference between:

(i) the number of lots for the increase bids of the product that have already been applied in full or in part, before the decrease bid that is to be processed; and

(ii) the number of lots for the decrease bids of the product that have already been applied in full or in part, before the decrease bid that is to be processed;

Note: In the case of a decrease bid that has been applied in part, the remainder of the decrease bid will still have to be processed for the current clock round.

(2) If the provisional excess demand, immediately before a decrease bid is processed, is equal to or greater than zero, the decrease bid is applied in full, such that the provisional posted demand for the lots of a product of a bidder is equal to:

(a) the number of lots of the product for the start demand of the bidder; less

(b) the number of lots for the parts of the decrease bid of the product that have already been applied in part, if any, before the remainder of the decrease bid is to be processed; less

Note: In the case of a decrease bid that has been applied in part, the remainder of the decrease bid will still have to be processed for the current clock round.

(3) If the provisional excess demand, immediately before a decrease bid is processed, is:

(a) less than zero; and

(b) if the absolute value of the provisional excess demand is greater than or equal to the number of lots of the product for the decrease bid that is being processed;

the decrease bid is rejected, such that the provisional posted demand for the lots of a product of a bidder is equal to the difference between:

(d) the number of lots for the parts of the decrease bid of the product that have already been applied in part, if any, before the remainder of the decrease bid is to be processed.

Note: In the case of a decrease bid that has been applied in part, the remainder of the decrease bid will still have to be processed for the current clock round.

(4) If the provisional excess demand, immediately before a decrease bid is processed, is: