I could not resist to share this picture. It is not by code! When you biuld a house and a neighbor has their drop running over your property, you temporarily fix the wire in a tree, cuts down the pole, and builds the house with the wire going trough!
Then you may get it solved when you get the powercompany to connect your house, and hopefully just pay for one visit.
Ill guess the risk never has been evaluated, but this is a cable with 2 wires, 230V between, and approx 127 V to ground.