Radiocommunications (Spectrum Licence Allocation – 700 MHz Band) Determination 2016
73The upfront winning price and the delayed winning price
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73 The upfront winning price and the delayed winning price
(1) The upfront winning price for a winning bidder is the sum of the winning prices for the lots won by the bidder at auction. (2) The balance of the upfront winning price for a winning bidder is the upfront winning price less the amount of any deposit paid by the winning bidder. (3) The delayed winning price for a winning bidder is the sum of: (a) the deposit paid by the winning bidder for the licence under section 38 (if any);
(b) the first auction instalment for the winning bidder;
(c) the second auction instalment for the winning bidder; and
(d) the third auction instalment for the winning bidder.
Note: The first, second and third auction instalments to be paid in relation to a spectrum licence are calculated by reference to the winning prices for the lots to be included in the licence (see section 75).
Note 2: The sum of the present value of each of the instalments, and of the deposit (if any), is the same as the sum of the winning prices for the lots to be included in the licence, when calculated in accordance with the Radiocommunications (Spectrum Licence Allocation—Residual 700 MHz Spectrum) Direction 2016.