Commonwealth legislation

Telstra (Transition to Full Private Ownership) Act 2005 - 85% Sale Day Declaration 2007 (No. 1)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

The Minister for Communications formally declares that 28 February 2007 was the "85% sale day" — the date private investors held 85% of Telstra’s voting shares and the Commonwealth less than 15%. Under the Telstra (Transition to Full Private Ownership) Act 2005, that declaration triggers legal changes to how Telstra is regulated and managed as it completes its move from public to private ownership.

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Current sections

Direct links to the current provisions in Telstra (Transition to Full Private Ownership) Act 2005 - 85% Sale Day Declaration 2007 (No. 1).

Telstra (Transition to Full Private Ownership) Act 2005 - 85% Sale Day Declaration 2007 (No. 1)

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Commonwealth of Australia

Telstra (Transition to Full Private Ownership) Act 2005

85% sale Day Declaration 2007 (No. 1)

I, HELEN LLOYD COONAN, Minister for Communications, Information Technology and the Arts, being of the opinion that 28 February 2007 is the first day on which 85% of the voting shares in Telstra Corporation Limited (Telstra) are held by a person, or persons, other than the Commonwealth, declare that day to be the 85% sale day for Telstra under subsection 4(1) of the Telstra (Transition to Full Private Ownership) Act 2005.

Dated 28 March 2007.

HELEN LLOYD COONAN

Minister for Communications, Information Technology and the Arts

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.