46Default

46 Default

If an applicant: (a) accepts the offer of a spectrum licence and agrees to pay the balance of the pre-determined price for the licence in accordance with subsection 40(4), subsection 41(6) or subsection 42(5); and (b) does not pay the balance of the pre-determined price for the licence in accordance with section 44; then: (c) the spectrum licence is not allocated to the applicant; and (d) the allocation of spectrum licences under this instrument to other applicants is not affected; and (e) section 76 applies to each lot that, but for this section, would have been included in a spectrum licence allocated to the applicant.

Note: See section 86, in relation to the rights of the ACMA and the Commonwealth.