s 44
In forceMeaning of unacceptable airline‑ownership situation
Part 3Restrictions on ownership of airport‑operator companies
Division 45% limit on ownership by airlines of airport‑operator companies for certain airports
44 Meaning of unacceptable airline‑ownership situation
(1)
For the purposes of this Act, an unacceptable airline‑ownership situation exists in relation to an airport‑operator company for an airport and in relation to a particular airline if the airline holds a particular type of stake in the company of more than 5%.
Note:
A person’s stake includes the interests of the person’s associates—see the Schedule.
(2)
The regulations may specify that subsection (1) does not apply to:
(a)
specified airports (not being core regulated airports); or
(b)
specified airports (not being core regulated airports) in specified circumstances.
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