Commonwealth Numbered Acts

SATELLITE COMMUNICATIONS ACT 1984 No. 21, 1984 - SECT 12

12. (1) Shares in Aussat are not capable of being held by any person other
than-

   (a)  the Commonwealth;

   (b)  the Commission; or

   (c)  a person as trustee for the Commonwealth.

(2) Shares in Aussat shall not be issued or sold to the Commission except with
the approval of the Minister.

(3) The number of shares in Aussat held by the Commission at any time shall
not exceed 25% of the issued shares in Aussat at that time.

(4) Where the Commission holds shares in Aussat, the Commission shall not give
a proxy in relation to any of those shares to any person for valuable
consideration.

(5) Each share in Aussat shall be issued with the same rights and restrictions
with regard to voting.

(6) Any issue or sale of shares, or any arrangement or agreement, that is
contrary to this section is void and of no effect.