Commonwealth Consolidated Acts

AIRPORTS ACT 1996 - SECT 21

  (1)   The Commonwealth must not grant an airport lease to a company if the Minister is satisfied that:

  (a)   an unacceptable foreign - ownership situation in relation to the company would come into existence in the event of the grant; or

  (b)   an unacceptable airline - ownership situation in relation to the company would come into existence in the event of the grant; or

  (c)   both:

  (i)   the company would become a member of a pair of airport - operator companies in the event of the grant; and

  (ii)   an unacceptable cross - ownership situation in relation to the pair would come into existence in the event of the grant.

  (2)   If a purported grant contravenes this section, it is of no effect.