Radiocommunications (Spectrum Licence Allocation — 3.6 GHz Band) Determination 2018
4Setting bid increment percentage and eligibility requirement percentage
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4 Setting bid increment percentage and eligibility requirement percentage
(1) Before the first clock round, the auction manager must set a percentage (the bid increment percentage) for the lots of each product to be applied in calculating the clock price for the lots of a product in a clock round.
Note: The auction manager may vary the bid increment percentage set under this subclause, see clause 9.
(2) Before the first clock round, the auction manager must notify the bid increment percentage for the lots of each product to each bidder for the first clock round.
(3) The bid increment percentage may be different for different products and may be different for the same product between different clock rounds.
(4) Before the first clock round, the auction manager must set a percentage (the eligibility requirement percentage) to be applied in calculating the activity target during each clock round.
Note: The auction manager may vary the eligibility requirement percentage set under this subclause, see clause 10.
(5) Before the first clock round, the auction manager must notify the eligibility requirement percentage to each bidder for the first clock round.
(6) The eligibility requirement percentage may be different for different clock rounds.