Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 44

Meaning of unacceptable airline - ownership situation

  (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.



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