Summary
Amends the
Telstra Corporation Act 1991
in relation to: repeal of provisions which require the Commonwealth to retain 50.1 per cent of the equity in Telstra Corporation Limited; cessation of Ministerial directions and reporting obligations once the Commonwealth’s equity falls below certain percentages; foreign ownership limits; regular independent reviews of regional telecommunications; and sale provisions;
Telecommunications Act 1997
to permit licence conditions on Telstra to ensure that it maintains a local presence in regional, rural and remote parts of Australia;
Telstra Corporation Act 1991
, Long Service Leave (Commonwealth Employees) Regulations and Maternity Leave (Commonwealth Employees) Regulations to preserve employee entitlements;
Freedom of Information Act 1982
, Archives Regulations, Freedom of Information (Miscellaneous Provisions) Regulations,
Occupational Health and Safety (Commonwealth Employment) Act 1991
and Ombudsman Regulations to make transitional provisions and consequential amendments.