Document ID: chunk:federal_register_of_legislation:C2004A03714:body:0:p3
Version: federal_register_of_legislation:C2004A03714
Segment Type: other
Provision Reference: 
Character Range: 6167–9137

It is a subsidiary function of the Commission to carry on, outside Australia, business relating to telecommunications.
"(2) The Commission shall not carry on the business of providing space satellite facilities for use in telecommunications systems for neighbouring regions.

"(3) In subsection (2), 'neighbouring regions' and 'space satellite' have the same respective meanings as they have in the Satellite Communications Act 1984.".

Particular powers of Commission
8. Section 10 of the Principal Act is amended:
     (a) by omitting from paragraph (1) (f) "and";
     (b) by omitting paragraph (1) (g) and substituting the following paragraphs:
          "(g) to form, and participate in the formation of, companies;
          (h) to subscribe for and purchase shares in, and debentures and other securities of, companies;
          (j) to enter into partnerships;
          (k) to participate in joint ventures and arrangements for the sharing of profits;
          (m) to enter into contracts (including futures contracts);
          (n) to deal with futures contracts;
          (o) to appoint agents and attorneys, and act as agent for other persons;
          (p) to accept gifts, grants, bequests and devises made to it, and act as trustee of money and other property vested in it by trust;
          (q) to do such other things as it is authorised to do by or under this Act or any other Act; and
          (r) to do anything incidental to any of its powers.";
     (c) by adding at the end the following subsections:
    "(5) Nothing in this Act authorises the Commission to form, or participate in the formation of, a company that would carry on the business of providing:
          (a) a telecommunications system for Australia by the use of space satellites; or
          (b) space satellite facilities for use in telecommunications systems for neighbouring regions.
    "(6) In subsection (5), 'Australia', 'neighbouring regions' and 'space satellite' have the same respective meanings as they have in the Satellite Communications Act 1984".
9. Section 10a of the Principal Act is repealed and the following section is substituted:

Commission to notify Minister of significant business activities
"10a. (1) If the Commission, or a subsidiary of the Commission, proposes:
     (a) to form, or participate in the formation of, a company;

     (b) to enter into a partnership;
     (c) to enter into a joint venture or an arrangement for the sharing of profits;
     (d) to acquire a major shareholding in a company;
     (e) to acquire a substantial business; or
     (f) to undertake a significant new business activity;
the Commission shall immediately give written notice of particulars of the proposed activity to the Minister.
"(2) The Minister may, by written notice given to the Commission, make guidelines to be applied by the Commission in determining whether an activity is an activity falling within paragraph (1) (d), (e) or (f).
"(3) For the