Telstra Corporation (Ownership—Interests in Shares) Regulations 2018
13Brokers
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13 Brokers
(1) An interest in a share is an interest of a prescribed kind if the interest exists solely as a result of an action taken by the interest‑holder: (a) in the interest‑holder’s capacity as a broker in securities, in the ordinary course of business; and (b) on the express instruction of a client of the interest‑holder. (2) The interest‑holder mentioned in subsection (1) is a prescribed person if the interest‑holder does not: (a) hold a beneficial interest in the share; or (b) have authority, by proxy or any other arrangement with the holder of the beneficial interest in the share, to exercise in a discretionary way the voting rights attaching to the share.