9RRefund of part of fee paid under section 104A of the SRC Act

9R Refund of part of fee paid under section 104A of the SRC Act

(1) If: (a) Telstra has paid a licence fee under section 104A of the SRC Act; and (b) part of the fee is attributable to the application of paragraph 104A(2)(b) of that Act to the relevant period in which the designated day occurs; Comcare must pay Telstra the amount worked out using the following formula:

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where:

applicable part of the fee means the part of the fee mentioned in paragraph (b).

number of refund days means the total number of days in the period beginning on the designated day and ending on the last day of the relevant period in which the designated day occurs.

(2) In this section:

relevant period has the same meaning as in section 104A of the SRC Act.

65 Before subsection 36(3)

Insert:

(1) The Auditor‑General may, by written notice given to Telstra, resign as auditor of Telstra. (2) Subsections (3), (3A) and (4) are repealed at whichever is the earlier of the following times: (a) the time when the Auditor‑General resigns in accordance with subsection (1); (b) the end of the first annual general meeting of Telstra held after the designated day. (2A) Even if subsections (3), (3A) and (4) remain in effect until the end of the first annual general meeting of Telstra held after the designated day, a replacement auditor may be appointed at the meeting, in accordance with the Corporations Act 2001, as if a vacancy in the office of auditor had arisen at the start of the meeting.

Part 3—Amendments commencing on the 85% sale day

Telstra Corporation Act 1991

66 Section 8AA

Omit:

• This Part imposes reporting obligations on Telstra.

67 Division 3 of Part 2

Repeal the Division.

68 Subsection 8AW(1)

Omit “Division 3 or”, substitute “repealed Division 3 or under”.

69 Paragraph 8AX(1)(a)

Omit “Division 3 or”, substitute “repealed Division 3 or under”.

70 Subsection 8AY(1)

Omit “Division 3 or”, substitute “repealed Division 3 or under”.

71 Section 8AYA

Repeal the section.

72 Part 3

Repeal the Part.