Commonwealth Consolidated Acts

AIRPORTS ACT 1996 - SECT 41

    If:

  (a)   a person, or 2 or more persons under an arrangement, acquire shares in a company; and

  (b)   the acquisition has the result, in relation to an airport - operator company, that:

  (i)   an unacceptable foreign - ownership situation comes into existence in relation to the company; or

  (ii)   if an unacceptable foreign - ownership situation already exists in relation to the company--there is an increase in the total of any type of stake held by any group of foreign persons in the company; and

  (c)   the person or persons mentioned in paragraph   (a) knew, or were reckless as to whether, the acquisition would have that result;

the person or persons mentioned in paragraph   (a) commit an offence punishable on conviction by a fine not exceeding 400   penalty units.