(1) Without limiting section 26, the regulations may provide for or in relation to the licensing of scheduled international air services operated over, into or out of Australian territory.
(2) In particular, the regulations may provide for or in relation to the following:
(a) the granting of international airline licences by the Secretary;
(b) the imposition of conditions on international airline licences by the Secretary;
(c) the variation, suspension and cancellation of international airline licences by the Secretary;
(d) the surrender to the Secretary of international airline licences.
(3) An international airline licence must not be granted to an international airline of a country other than Australia unless that country and Australia are parties to:
(a) the Air Transit Agreement; or
(b) some other agreement or arrangement, whether bilateral or multilateral, under which scheduled international air services of that other country may, subject to the agreement or arrangement, be operated over or into Australian territory.
(4) Subsection (3) does not limit subsection 12(3).