Unsatisfied Debts ‘NOT’ Disclosed In ‘T3’ Prospectus!

 Unfortunately, ‘T3’investors have not been fully informed in the ‘T3’ prospectus, because a Schedule of Debt, recording an unsatisfied debt of A$5,386,943,767.00, has not been included in the ‘T3’ prospectus or in the 2006 Annual Review Report despite strict disclosures obligations.

The Commonwealth sold its ‘T1’ Telstra®shares in 1997, by the ‘T1’ prospectus not making full and proper disclosures in relation to Casualties of Telstra®, (CoT) matters. Royal Authority duly recorded a Lien over Shares on the 9th March 2006 in a Court of Faculties, Court Registry, over the Commonwealth of Australia’s shareholding, which it holds in its agency, Telstra®.

Systemic CoT Handling Corporate Conduct has resulted in the ‘T1’ prospectus (on page 51) having incomplete and therefore incorrect disclosures that resulted in over inflating the viability of the Commonwealth’s agency, Telstra®, by at least $ 5,386,943,767.00. These facts are evident based on an independent loss assessment, (Minister Coonan has) and based on the independent findings made as set-out in the 7 th February 2006, Sworn Statutory declaration of Mr. J. J. Nimmo Ass.DipBus. (Mgmt); Ass.Dip.Bus. (Jus.Adm.); J.P. (Qual), MAIPIO, FAIPI: MIAMA, MIPM.

Mr Howard, Mr Costello, Mr. Minchin, & Ms Coonan have suggested for the mums and dads of Australia tobuy ‘T3’ shares by relying on the disclosures made in its ‘T3’ Telstra® prospectus.

 Despite the fact that a 9 th March 2006 Notarial Certificate, duly records a lien over the Telstra® shares, which are being offered for sale and for the balance of shares to be transfer into the Commonwealth’s Future Fund. However, sadly, the ‘T3’ prospectus makes no disclosures of this unsatisfied debt or of the lien over shares. This will prevent the uninformed or mislead ‘T3’ investors from being capable of being able to make any fully informed investment decisions.

Was this unsatisfied debt and lien over shares not disclosed in the ‘T3’ prospectus due to some regrettable oversight? On the other hand, are these omissions due to intent to dump the debts on uniformed investors? As the last due dividend was paid to the Commonwealth on the 22.09.06, funded by Telstra® borrowing the money, leaving ‘T1’, ‘T2’ and ‘T3’ investors with borrowed dividend debts, plus with undisclosed CoT debts to still be paid-out, which debts and interest on these debts, all will now be paid by and instead of paying future dividend payments!

For further details, contact: Kenneth C. Ivory,

C/- P.O. Box 694 , Archerfield , Queensland , 4108. Tel: (07) 3272 5157,

Mob: 0402 021 628, Fax: (07) 3272 5159, Email:sales@solar-mesh.com