Document ID: chunk:federal_register_of_legislation:F2022C00065:reg:15
Version: federal_register_of_legislation:F2022C00065
Segment Type: reg
Provision Reference: reg 15
Character Range: 12434–13258

15  Telstra successor company employees
 (1) An interest in a share is an interest of a prescribed kind if:
 (a) the interest exists solely as a result of the interest‑holder being a participant in an employee share plan administered by a Telstra successor company for its employees; and
 (b) in connection with that interest, or any other interest in the Telstra successor company, the interest‑holder:
 (i) is not directly, or indirectly, controlled by a foreign person; and
 (ii) does not act in concert with a foreign person; and
 (iii) is not accustomed, or under an obligation (whether formal or informal), to act in accordance with the directions, instructions or wishes of a foreign person.
 (2) The interest‑holder mentioned in subsection (1) is a prescribed person if the interest‑holder is not a foreign person.