Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) An interest in a share is an interest of a prescribed kind if, in connection with that interest or any interest in Telstra, the interest-holder, although being an associate of a foreign person:
(a) is not directly, or indirectly, controlled by a foreign person; and
(b) does not act in concert with a foreign person; and
(c) 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.