70Sufficient deposit — issue of spectrum licence without further payment

70 Sufficient deposit – issue of spectrum licence without further payment

(1) If, for a winning bidder, the balance of the winning price is less than zero: (a) the ACMA must refund the deposit in excess of the total of the winning price for the winning bidder; and (b) the bidder is entitled to be issued a spectrum licence for each part of the spectrum represented by the lots won by the bidder without further payment.

Note: For the issue of spectrum licences, see section 62 of the Act.

(2) If, for a winning bidder, the balance of the winning price is zero, the bidder is entitled to be issued a spectrum licence for each part of the spectrum represented by the lots won by the bidder without further payment.

Note: For the issue of spectrum licences, see section 62 of the Act.