It is very interesting proposal.
He with the deepest pockets wins.
Does anyone know if a lottery style system was considered.

>Ian Johnson Wrote:
> From auDA Board Meeting Minutes of 13 August 2001
>
> The board agreed to adopt the following method of allocation of generic
> domain names:
>
> 1. Publish list of names refused by Melbourne IT because deemed to be
> generic. The list will be closed shortly before publication.
>
> 2. Advertise a 14 day period during which an interest in a name can be
> registered.
>
> 3. Interested parties must complete an application form to demonstrate
that
> as at 13 August 2001, they were eligible to hold the name under the new
> policy rules.
>
> 4. At the end of the 14 day period, auDA will assess the applications
> received. There are 3 scenarios:
>
> a. If there is only one eligible applicant for a name, that applicant may
> reserve the name by paying a fixed price (eg. $100) to auDA. The applicant
> will be able to register the name under the new regime for the normal
retail
> price.
>
> OR
>
> b. If there is more than one eligible applicant for a name, those
applicants
> may proceed to a closed auction for the name. The winner of the auction
may
> reserve the name by paying the amount bid to auDA. The winner will be able
> to register the name under the new regime for the normal retail price.
>
> OR
>
> c. If there are no eligible applicants for a name, the name will become
> available for registration under the new regime on a first come, first
> served basis.
>
> Note that the generic domain names will be registered by registrars, not
by
> auDA. auDA will receive the proceeds of the auction, it will not receive
> payment for generic domain names when they are registered after the
auction.
>
> The board decided that while the list of generic domain names will remain
> open until shortly before the auction, applicants for generic domain names
> should be eligible to hold the name as at 13 August 2001.
>
> This will minimise the opportunity for people to register business names
> solely for the purpose of registering generic domain names. This is
intended
> as a measure of protection for those people who have applied for names in
> the past and would otherwise have been eligible to hold them but for the
> restriction on generics. ER voted against this decision.
>
> Action: auDA staff to further develop the implementation plan for the
> auction of generic names, including the technical means and cost of
> conducting the auction.
>
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