8Information about unacceptable foreign‑ownership situations

8 Information about unacceptable foreign‑ownership situations

(1) A Telstra successor company must give the Minister written notice that an unacceptable foreign‑ownership situation may exist in relation to the Telstra successor company if: (a) the Telstra successor company has reason to believe that a situation of that kind may exist; and (b) the Minister has directed the Telstra successor company to give notices of that kind. (2) The Minister’s direction may require the notice to be given: (a) under particular circumstances; and (b) in a particular manner; and (c) within a certain time (not being a time earlier than 14 days after the direction is given). (3) The notice must include the following information: (a) the reason for the belief; (b) the steps taken, or intended to be taken, by the Telstra successor company to determine whether, in fact, the unacceptable foreign‑ownership situation does exist; (c) the steps intended to be taken by the Telstra successor company to remedy the unacceptable foreign‑ownership situation, if that situation does exist.