Document ID: chunk:federal_register_of_legislation:C2004A05097:clause:1_8am
Version: federal_register_of_legislation:C2004A05097
Segment Type: clause
Provision Reference: sch 1 cl 8AM
Character Range: 27110–27608

8AM  Commonwealth takeover of certain obligations of Telstra or Telstra subsidiaries

 (1) This section applies to an obligation (whether contingent or otherwise) of Telstra or a Telstra subsidiary.

 (2) The Treasurer may, on the Commonwealth's behalf:
 (a) at or before the minority-interest sale time; and
 (b) in order to facilitate, either directly or indirectly, the formulation, entering into, or carrying out, of a Telstra sale scheme;
enter into an agreement to take over an obligation.