•      Telstra is subject to the following ownership restrictions:

               (a)     a limit on total foreign ownership;

               (b)     a limit on individual foreign ownership.

•      The regulations may require information to be given for purposes relating to those limits.

•      Telstra's head office, base of operations and place of incorporation are to remain in Australia.

•      Telstra's Chairperson, and a majority of Telstra's directors, must be Australian citizens.