Commonwealth Consolidated Acts

AIRPORTS ACT 1996 - SECT 51

    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 a particular pair of airport - operator companies (the first company and the second company ), that:

  (i)   an unacceptable cross - ownership situation comes into existence in relation to the pair and in relation to a person; or

  (ii)   if an unacceptable cross - ownership situation already exists in relation to the pair and in relation to a particular person--there is an increase in any type of stake held by the person in either the first company or the second 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.