46Payment of the delayed pre-determined price

46 Payment of the delayed pre-determined price

(1) If an applicant accepts the offer of a spectrum licence and agrees to pay the delayed pre-determined price for the licence, the ACMA must notify the applicant by registered mail that the ACMA has received the applicant’s acceptance. (2) The delayed pre-determined price for a spectrum licence is payable in accordance with the following schedule: (a) an instalment of: (i) 48.0051 per cent of the gross price for the licence; less (ii) the deposit (if any) paid by the applicant under section 38; (the first instalment for the licence) must be paid no later than 31 January 2018; (b) an instalment of 26.6315 per cent of the gross price for the licence, multiplied by 1.05 (the second instalment for the licence) must be paid no later than 31 January 2019; (c) an instalment of 25.3634 per cent of the gross price for the licence, multiplied by 1.1025 (the third instalment for the licence) must be paid no later than 31 January 2020.

Note: For information on how the delayed pre-determined price is paid, see section 7.

(3) If an applicant accepts the offer of a spectrum licence and agrees to pay the delayed pre-determined price for the licence, the applicant must give the ACMA the delayed pre-determined price bank guarantee in accordance with subsection 44(6) by the date mentioned in paragraph (2)(a). (4) For the purposes of subsection (2), the gross price for a licence is worked out as follows: (a) identify each lot to be included in the licence; (b) add up the starting price of each such lot.