67Notice and refunds to unsuccessful bidders and withdrawn applicants

67 Notice and refunds to unsuccessful bidders and withdrawn applicants

(1) As soon as practicable after the end of the auction period, the ACMA must notify each bidder that is not a winning bidder that: (a) the bidder was unsuccessful in the auction; and (b) the bidder’s confidentiality obligations under section 17 have ended. (2) If the unsuccessful bidder paid a deposit, the ACMA must refund the payment no later than 6 months after sending the notice under subsection (1) unless the ACMA has made a decision to retain the deposit under section 85.

Note: Section 85 enables the ACMA to retain a deposit if it is satisfied certain breaches of this instrument have occurred.

(3) As soon as practicable after the end of the auction period, the ACMA must notify each applicant that withdrew, or was taken to have withdrawn, its application that the applicant’s confidentiality obligations under section 17 have ended.