•   Airport - operator companies are subject to the following ownership restrictions:

  (a)   a 49% limit on foreign ownership;

  (b)   a 5% limit on airline ownership for certain airports;

  (c)   a 15% limit on cross - ownership for Sydney (Kingsford - Smith)/Melbourne, Sydney (Kingsford - Smith)/Brisbane and Sydney (Kingsford - Smith)/Perth airports.

•   Those limits relate to a person's stake in a company.

•   A person's stake includes the interests of the person's associates.

•   There are 4 different types of stake. The main types are:

  (a)   percentage of total paid - up share capital; and

  (b)   percentage of voting power.

•   The ownership restrictions will be breached if any type of stake goes over the relevant limit.

•   Stake and other technical expressions used in this Part are defined by the Schedule.

•   The central management and control of an airport - operator company must be exercised at a place in Australia.

•   A majority of the directors of an airport - operator company must be Australian citizens and/or Australian residents.

•   The regulations may require records to be kept, and information to be given, for purposes relating to the ownership restrictions.