Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 50

Meaning of unacceptable cross - ownership situation

    For the purposes of this Act, an unacceptable cross - ownership situation exists in relation to a pair of airport - operator companies (the first company and the second company ) and in relation to a particular person if:

  (a)   the person holds a particular type of stake in the first company of more than 15%; and

  (b)   the person holds any type of stake in the second company of more than 15%.

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



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