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AIRPORTS ACT 1996 - SECT 48

Simplified outline

    The following is a simplified outline of this Division:

  Airport - operator companies for Sydney (Kingsford - Smith) and Melbourne form a pair .

  Airport - operator companies for Sydney (Kingsford - Smith) and Brisbane form a pair .

  Airport - operator companies for Sydney (Kingsford - Smith) and Perth form a pair .

  There is a 15% limit on the cross - ownership of paired companies.

  The Minister may declare a person to have practical control of an airport - operator company.

  If the person covered by the declaration has practical control of, or a stake of more than 15% in, each of the members of a pair, the person must take steps to ensure that there is at least one member of the pair where the person does not have:

  (a)   a stake of more than 15%; or

  (b)   practical control.



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