Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AIRPORTS ACT 1996 - SECT 25

No transfer of lease if Part 3 contravened

    The Minister must not approve the transfer of 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 transfer; or

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

  (c)   both:

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

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



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback