•   A Telstra successor company is subject to the following ownership restrictions:

  (a)   a limit on total foreign ownership;

  (b)   a limit on individual foreign ownership.

•   The regulations may require information to be given for purposes relating to those limits.

•   A Telstra successor company's head office, base of operations and place of incorporation are to remain in Australia.

•   A Telstra successor company's Chairperson, and a majority of a Telstra successor company's directors, must be Australian citizens.