Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) A Telstra successor company must give the Minister written notice that an unacceptable foreign - ownership situation may exist in relation to the Telstra successor company if:
(a) the Telstra successor company has reason to believe that a situation of that kind may exist; and
(b) the Minister has directed the Telstra successor company to give notices of that kind.
(2) The Minister's direction may require the notice to be given:
(a) under particular circumstances; and
(b) in a particular manner; and
(c) within a certain time (not being a time earlier than 14 days after the direction is given).
(3) The notice must include the following information:
(a) the reason for the belief;
(b) the steps taken, or intended to be taken, by the Telstra successor company to determine whether, in fact, the unacceptable foreign - ownership situation does exist;
(c) the steps intended to be taken by the Telstra successor company to remedy the unacceptable foreign - ownership situation, if that situation does exist.