15Issue of licences

15 Issue of licences

(1) Subject to the Act, the allocation determination and other relevant law, the ACMA will issue a spectrum licence to the person to whom it is allocated as soon as practicable after the person pays to the ACMA, on behalf of the Commonwealth, whichever of the following is relevant: (a) the balance of the upfront pre-determined price; (b) the first instalment; (c) the balance of the upfront winning price; (d) the first auction instalment.

Note 1: If a spectrum licence is allocated to a person for a pre-determined price, the person has a choice whether to pay the pre-determined price upfront, or in instalments.

Note 2: If a spectrum licence is allocated to a person as a result of an auction, the person has a choice whether to pay the winning price upfront, or in instalments.

(2) If the first instalment is relevant, the person must also provide to the ACMA the delayed pre-determined price bank guarantee before the person is entitled to be issued the licence.

Note: The delayed pre-determined price bank guarantee secures part of the payment of other instalments.

(3) If the first auction instalment is relevant, the person must also provide to the ACMA the delayed winning price bank guarantee before the person is entitled to be issued the licence.

Note: The delayed winning price bank guarantee secures part of the payment of other instalments.

(4) If a spectrum licence is issued to a person after the first instalment, or the first auction instalment, is paid, that instalment and any subsequent instalment is not refundable in any circumstances.