Commonwealth Numbered Regulations

TELSTRA CORPORATION (OWNERSHIP--INTERESTS IN SHARES) REGULATIONS 2018 (F2018L01712) - REG 8

             (1)  Telstra must give the Minister written notice that an unacceptable foreign-ownership situation may exist in relation to Telstra if:

                     (a)  Telstra has reason to believe that a situation of that kind may exist; and

                     (b)  the Minister has directed Telstra 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 Telstra to determine whether, in fact, the unacceptable foreign-ownership situation does exist;

                     (c)  the steps intended to be taken by Telstra to remedy the unacceptable foreign-ownership situation, if that situation does exist.