Commonwealth Numbered Regulations

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TELSTRA CORPORATION (OWNERSHIP--INTERESTS IN SHARES) REGULATIONS 2018 (F2018L01712) - REG 12

Agents

             (1)  An interest in a share is an interest of a prescribed kind if the interest exists solely as a result of an action taken by the interest-holder in the interest-holder's capacity as depositary or custodian for, or nominee of, another person.

             (2)  The interest-holder mentioned in subsection (1) is a prescribed person if the interest-holder does not:

                     (a)  hold a beneficial interest in the share; or

                     (b)  have authority, by proxy or any other arrangement with the holder of the beneficial interest in the share, to exercise in a discretionary way the voting rights attaching to the share.

             (3)  For the avoidance of doubt, action of the kind mentioned in subsection (1) includes action by a person who is:

                     (a)  a depositary in connection with a program for the issue of Interim American Depositary Shares or American Depositary Shares; or

                     (b)  a custodian for a depositary mentioned in paragraph (a); or

                     (c)  a clearing agency registered under section 17a of the Securities Exchange Act of 1934 of the United States of America, as in force at the commencement of this instrument; or

                     (d)  a nominee of a clearing agency mentioned in paragraph (c).



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