42
In forceCompliance by airport‑operator company
Part 3Restrictions on ownership of airport‑operator companies
Division 349% limit on foreign ownership
42 Compliance by airport‑operator company
(1)
An airport‑operator company must take all reasonable steps to ensure that an unacceptable foreign‑ownership situation does not exist in relation to the company.
(2)
A company commits an offence if:
(a)
the company is required to take steps under subsection (1); and
(b)
the company engages in conduct; and
(c)
the company’s conduct contravenes the requirement.
Penalty: 500 penalty units.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.