8Information available for clock rounds of the primary stage

8 Information available for clock rounds of the primary stage

(1) Before the start time of each clock round, the auction manager must provide the following information to each bidder for that clock round, using the auction system:

(a)      the start time of the clock round;

(b)      the end time of the clock round;

(c)      for the lots of each product available for bidding:

(i)        the opening price that will apply to the lots of the product in the clock round; and

(ii)      the clock price that will apply to the lots of the product in the clock round;

(d)      for the lots of each product, if the excess demand is:

(i)            less than or equal to 4 lots of the product – a statement to that effect; or

(ii)         greater than 4 lots of the product – the actual excess demand;

(e)      the eligibility points of the bidder for the clock round;

(f)       the eligibility requirement percentage for the clock round;

(g)      any other information the auction manager considers necessary or convenient to conduct the primary stage of the auction.

(2) After the end time of each clock round, the auction manager must provide the following information to each bidder for that clock round, using the auction system:

(a)      the posted prices for the lots of each product in the clock round;

(b)      the posted demands of the bidder for the lots of each product in the clock round;

(c)      any other information the auction manager considers necessary or convenient to conduct the primary stage of the auction.