TELSTRA CORPORATION ACT 1991 - SECT 8BE Definitions in Schedule

TELSTRA CORPORATION ACT 1991 - SECT 8BE

    The Schedule sets out definitions of expressions used in this Part.

Note 1:   The limits on the ownership of a Telstra successor company relate to a person's stake in a Telstra successor company.

Note 2:   Stake is defined in the Schedule.

Note 2A:   A person's stake is calculated on the assumption that the only shares in a Telstra successor company are shares held by persons other than the Commonwealth--see clause   12 of the Schedule.

Note 3:   A person's stake includes the interests of the person's associates.

Note 4:   There are 4 different types of stake. The main types are the percentage of total paid - up share capital and the percentage of voting power.

Note 5:   The ownership restrictions will be breached if any type of stake goes over the relevant limit.