•   Under provisions called the Commonwealth ownership provisions, the Commonwealth must retain ownership of NBN Co.

•   The Commonwealth ownership provisions cease to have effect after the following events have occurred:

  (a)   the Communications Minister has declared that, in his or her opinion, the national broadband network should be treated as built and fully operational;

  (b)   the Productivity Minister has caused to be tabled in both Houses of Parliament a report of an inquiry by the Productivity Commission;

  (c)   the Parliamentary Joint Committee on the Ownership of NBN Co has examined the Productivity Commission's report;

  (d)   the Finance Minister has declared that, in his or her opinion, conditions are suitable for the entering into and carrying out of an NBN Co sale scheme, and the declaration has taken effect.

•   This Part sets out rules about how an NBN Co sale scheme is to be carried out.

•   NBN Co must take all reasonable steps to ensure that an unacceptable private ownership or control situation does not exist in relation to NBN Co.