Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 59

Majority of directors must be Australian citizens or Australian residents

  (1)   An airport - operator company must ensure that a majority of its directors are:

  (a)   Australian citizens; or

  (b)   foreign citizens ordinarily resident in Australia.

  (2)   A contravention of subsection   (1) is not an offence. However, a contravention of subsection   (1) is a ground for obtaining an injunction under Part   15.

  (3)   A contravention of subsection   (1) does not affect the validity of any transaction.


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