Commonwealth Numbered Regulations

TELSTRA CORPORATION (OWNERSHIP--INTERESTS IN SHARES) REGULATIONS 2018 (F2018L01712) - REG 15

             (1)  An interest in a share is an interest of a prescribed kind if:

                     (a)  the interest exists solely as a result of the interest-holder being a participant in an employee share plan administered by Telstra for its employees; and

                     (b)  in connection with that interest, or any other interest in Telstra, the interest-holder:

                              (i)  is not directly, or indirectly, controlled by a foreign person; and

                             (ii)  does not act in concert with a foreign person; and

                            (iii)  is not accustomed, or under an obligation (whether formal or informal), to act in accordance with the directions, instructions or wishes of a foreign person.

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