Airports Act 1996

A particular type of stake that a person holds in a company at a particular time is the aggregate of:

the direct control interests in the company of that type that the person holds at that time; and

the direct control interests in the company of that type held at that time by associates of the person.

In calculating the stake that a person holds in a company, a direct control interest held because of subclause 12(5) is not to be counted under paragraph (1)(a) to the extent to which it is calculated by reference to a direct control interest in the company that is taken into account under paragraph (1)(b).

For the purpose of calculating the total of the stakes of a particular type that a group of persons holds in a company, if a particular stake that a person holds in a company would be counted more than once because the person is an associate of one or more other persons in the group, that interest is to be counted only once.