40
CurrentMeaning of unacceptable foreign‑ownership situation
Part 3Restrictions on ownership of airport‑operator companies
Division 349% limit on foreign ownership
40 Meaning of unacceptable foreign‑ownership situation
For the purposes of this Act, an unacceptable foreign‑ownership situation exists in relation to an airport‑operator company if there is a group of foreign persons who hold, in total, a particular type of stake in the company of more than 49%.
Note 1:
A group can consist of a single foreign person—see the Schedule.
Note 2:
A person’s stake includes the interests of the person’s associates—see the Schedule.
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