Telecommunications Act 1997

If:

a company is:

a Telstra successor company or a designated Telstra successor company; and

a constitutional corporation; and

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

the proposed transferee is a not a constitutional corporation;

notify the ACMA in writing of the proposed transfer; and

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

Subsection (1) is a civil penalty provision.

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

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

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

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).