On 1 November 2011, the Minister for Broadband, Communications and the Digital Economy made a Spectrum Re-allocation Declaration stating that parts of the 700 MHz spectrum band (the digital dividend) will be subject to re-allocation under spectrum licenses. This declaration was made after the Minister received a recommendation from the Australian Communications and Media Authority (ACMA) to re-allocate parts of the 700 MHz spectrum. The digital dividend spectrum affected by the declaration will be made available from the switch to digital-only television broadcasting in Australia. The ACMA is now preparing to hold an auction in late 2012 to allocate the spectrum defined in the Minister’s declaration. A Regulation Impact Statement was prepared by the ACMA and assessed as adequate by the Office of Best Practice Regulation.