(1) For the purposes of this Act, an unacceptable airline - ownership situation exists in relation to an airport - operator company for an airport and in relation to a particular airline if the airline holds a particular type of stake in the company of more than 5%.
Note: A person's stake includes the interests of the person's associates--see the Schedule.
(2) The regulations may specify that subsection (1) does not apply to:
(a) specified airports (not being core regulated airports); or
(b) specified airports (not being core regulated airports) in specified circumstances.