Document ID: chunk:federal_register_of_legislation:F2022C00065:reg:16
Version: federal_register_of_legislation:F2022C00065
Segment Type: reg
Provision Reference: reg 16
Character Range: 13258–13966

16  Australian associates of a foreign person—no action in concert etc.
 (1) An interest in a share is an interest of a prescribed kind if, in connection with that interest or any interest in a Telstra successor company, the interest‑holder, although being an associate of a foreign person:
 (a) is not directly, or indirectly, controlled by a foreign person; and
 (b) does not act in concert with a foreign person; and
 (c) 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.