Document ID: chunk:federal_register_of_legislation:C2024C00549:section:8bi
Version: federal_register_of_legislation:C2024C00549
Segment Type: section
Provision Reference: s 8BI
Character Range: 57178–57694

8BI  Compliance by Telstra successor companies
 (1) A Telstra successor company must take all reasonable steps to ensure that an unacceptable foreign‑ownership situation does not exist in relation to the Telstra successor company.
 (2) A Telstra successor company commits an offence if:
 (a) the Telstra successor company engages in conduct; and
 (b) that conduct contravenes subsection (1).
Penalty: 500 penalty units.
 (3) In this section:
engage in conduct means:
 (a) do an act; or
 (b) omit to perform an act.