Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 25

No transfer of lease if Part 3 contravened

                   The Minister must not approve the transfer of an airport lease to a company if the Minister is satisfied that:

                     (a)  an unacceptable foreign-ownership situation in relation to the company would come into existence in the event of the transfer; or

                     (b)  an unacceptable airline-ownership situation in relation to the company would come into existence in the event of the transfer; or

                     (c)  both:

                              (i)  the company would become a member of a pair of airport-operator companies in the event of the transfer; and

                             (ii)  an unacceptable cross-ownership situation in relation to the pair would come into existence in the event of the transfer.



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