15Telstra successor company employees

15 Telstra successor company employees

(1) An interest in a share is an interest of a prescribed kind if: (a) the interest exists solely as a result of the interest‑holder being a participant in an employee share plan administered by a Telstra successor company for its employees; and (b) in connection with that interest, or any other interest in the Telstra successor company, the interest‑holder: (i) is not directly, or indirectly, controlled by a foreign person; and (ii) does not act in concert with a foreign person; and (iii) 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.