Commonwealth Consolidated Acts

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 Telstra relate to a person's stake in Telstra.

Note 2:       Stake is defined in the Schedule.

Note 2A:    A person's stake is calculated on the assumption that the only shares in Telstra 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.