Document ID: chunk:federal_register_of_legislation:C2024C00549:section:8bg
Version: federal_register_of_legislation:C2024C00549
Segment Type: section
Provision Reference: s 8BG
Character Range: 54895–55658

8BG  Meaning of unacceptable foreign‑ownership situation
  For the purposes of this Act, an unacceptable foreign‑ownership situation exists in relation to a Telstra successor company if:
 (a) there is a group of foreign persons who hold, in total, a particular type of stake in the Telstra successor company of more than 35%; or
 (b) there is or are one or more foreign persons each of whom holds a particular type of stake in the Telstra successor company of more than 5%.
Note 1: A person's stake is calculated on the assumption that the only shares in a Telstra successor company are shares held by persons other than the Commonwealth—see clause 12 of the Schedule.
Note 2: A person's stake includes the interests of the person's associates—see the Schedule.