Commonwealth Consolidated Acts

TELECOMMUNICATIONS ACT 1997 - SECT 581MA

  (1)   If:

  (a)   a company is:

  (i)   a Telstra successor company or a designated Telstra successor company; and

  (ii)   a constitutional corporation; and

  (b)   the company proposes to transfer the whole or a part of a prescribed business after the commencement of Schedule   2 to the Telstra Corporation and Other Legislation Amendment Act 2021 ; and

  (c)   the proposed transferee is a not a constitutional corporation;

the company must:

  (d)   notify the ACMA in writing of the proposed transfer; and

  (e)   do so at least 30 days before the proposed transfer date.

  (2)   Subsection   (1) is a civil penalty provision.

Note:   Part   31 provides for pecuniary penalties for breaches of civil penalty provisions.

  (3)   If the ACMA receives a notification under subsection   (1), the ACMA must give a copy of the notification to the Minister.

  (4)   For the purposes of this section, prescribed business means a business in a prescribed class of businesses.

  (5)   The Minister may, by legislative instrument, declare that one or more specified classes of businesses are prescribed classes of businesses for the purpose of subsection   (4).