Telstra 2008 Annual Report Download - page 245

Telstra Corporation Limited and controlled entities
242
This directors’ declaration is required by the Corporations Act 2001 of
Australia.
The directors of Telstra Corporation Limited have made a resolution
that declared:
For and on behalf of the board
Directors’ Declaration
(a) the financial statements and notes of the Telstra Entity and the
Telstra Group set out on pages 101 to 241:
(i) comply with the Accounting Standards and Corporations
Regulations;
(ii) give a true and fair view of the financial position as at 30 June
2008 and performance, as represented by the results of the
operations and cash flows, for the year ended 30 June 2008; and
(iii) have been made out in accordance with the Corporations Act
2001.
(b) they have received declarations as required by section 295A of the
Corporations Act 2001;
(c) at the date of this declaration, in the directors’ opinion, there are
reasonable grounds to believe that Telstra Corporation Limited
will be able to pay its debts as and when they become due and
payable in Australia; and
(d) at the date of this declaration there are reasonable grounds to
believe that the members of the extended closed group identified
in note 25(a) to the full financial statements, as parties to a Deed
of Cross Guarantee, will be able to meet any obligations or
liabilities to which they are, or may become subject to, under the
Deed of Cross Guarantee described in note 25(a).
Donald G McGauchie
Chairman
Date: 13 August 2008
Melbourne, Australia
Solomon D Trujillo
Chief Executive Officer and
Executive Director
Telstra Report 07-08_24Sep08.book Page 242 Tuesday, September 30, 2008 5:21 PM