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Telstra Corporation Act 1991
8BDSimplified outline
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#### 8BD Simplified outline
The following is a simplified outline of this Part:
• A Telstra successor company is subject to the following ownership restrictions:
(a) a limit on total foreign ownership;
(b) a limit on individual foreign ownership.
• The regulations may require information to be given for purposes relating to those limits.
• A Telstra successor company’s head office, base of operations and place of incorporation are to remain in Australia.
• A Telstra successor company’s Chairperson, and a majority of a Telstra successor company’s directors, must be Australian citizens.