Telstra (Transition to Full Private Ownership) Act 2005
8AYDControlling interest in Telstra
Start here
Get a plain-English read of 8AYD
Turn the raw legal text into a practical explanation grounded in Telstra (Transition to Full Private Ownership) Act 2005.
8AYD Controlling interest in Telstra
In determining, for the purposes of a law of the Commonwealth (other than this Act), whether the Commonwealth has a controlling interest in Telstra, if a share in Telstra is an investment of the Future Fund or the Communications Fund, assume that any voting rights associated with the share were held by a person other than the Commonwealth.
28 At the end of section 8BA
Add:
(4) Subsection (3) does not authorise the appropriation of the Consolidated Revenue Fund at any time after the commencement of this subsection.
29 Section 8CI
Omit “Part 2 or 2A” (wherever occurring), substitute “Part 2A”.
30 Subsection 8CI(6)
Omit “Part 2 or 2A”, substitute “Part 2A”.
Note: The heading to subsection 8CI(6) is altered by omitting “Part 2 or 2A” and substituting “Part 2A”.
31 Section 8CJ
Omit “Part 2 or 2A” (wherever occurring), substitute “Part 2A”.
32 Subsection 8CJ(6)
Omit “Part 2 or 2A”, substitute “Part 2A”.
Note: The heading to subsection 8CJ(6) is altered by omitting “Part 2 or 2A” and substituting “Part 2A”.
33 Subsection 8CK(1)
Omit “Part 2 or 2A”, substitute “Part 2A”.
34 Section 8CL
Omit “Part 2 or”.
35 Paragraph 26(b)
After “Crown”, insert “(however described)”.
36 After Part 2B
Insert: