8BGMeaning of unacceptable foreign‑ownership situation

#### 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.