Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

TELSTRA CORPORATION ACT 1991 - SECT 8AR

Giving of assistance--ancillary provisions

  (1)   The assistance mentioned in subsection   8AQ(1), (2), (3) or (4) may take the form of:

  (a)   the giving of information; or

  (b)   the giving of financial assistance (within the meaning of Part   2J.3 of the Corporations Act 2001 ); or

  (c)   the giving of a financial benefit to a related party (within the meaning of Chapter   2E of the Corporations Act 2001 ); or

  (d)   the provision, by Telstra's directors or employees, of facilities, information and other assistance in connection with the conduct of:

  (i)   a due diligence procedure or a similar process; or

  (ii)   a market briefing or a similar process.

  (4)   Subsection   (1) does not, by implication, limit the forms in which assistance may be given.

  (5)   Section   8AQ does not, by implication, limit any rights that are conferred on shareholders by other laws.

  (6)   Section   8AQ does not authorise the imposition of taxation (within the meaning of section   55 of the Constitution).

  (7)   Section   8AQ does not, by implication, limit:

  (a)   the executive power of the Commonwealth to enter into an agreement; or

  (b)   the capacity of Telstra, or of a member of the Board, to enter into an agreement with the Commonwealth.

Note:   This ensures, for example, that the Commonwealth can enter into a co - operation agreement with Telstra or with a member of the Board.

  (8)   Section   8AQ extends to the giving of assistance outside Australia, whether or not in a foreign country.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback