Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 40

Meaning of unacceptable foreign - ownership situation

    For the purposes of this Act, an unacceptable foreign - ownership situation exists in relation to an airport - operator company if there is a group of foreign persons who hold, in total, a particular type of stake in the company of more than 49%.

Note 1:   A group can consist of a single foreign person--see the Schedule.

Note 2:   A person's stake includes the interests of the person's associates--see the Schedule.



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