71Payment of balance of winning price

71 Payment of balance of winning price

(1) If, for a winning bidder, the balance of the winning price is greater than zero, the ACMA must notify the bidder by registered mail of the lots won by the bidder and the balance of the winning price. (2) The balance of the winning price must be paid to the ACMA on behalf of the Commonwealth no later than 20 working days after the date of the notice.

Note: For information on how the balance of the winning price must be paid, see section 7.

(3) If the ACMA becomes aware that a notice under subsection (1) contains a material error, the ACMA must give the winning bidder a revised notice by registered mail. (4) If a revised notice is given under subsection (3), the balance of the winning price must be paid to the ACMA on behalf of the Commonwealth no later than: (a) if the revised notice is given within 20 working days after the date of the original notice – 30 working days after the date of the original notice; (b) in any other case – 10 working days after the date of the revised notice.