s 25
In forceNo transfer of lease if Part 3 contravened
Part 2Leasing and management of airports
Division 4Restrictions on acquisition and transfer of airport leases
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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