Simplified outline
48 Simplified outline
The following is a simplified outline of this Division:
• Airport‑operator companies for Sydney (Kingsford‑Smith) and Melbourne form a pair.
• Airport‑operator companies for Sydney (Kingsford‑Smith) and Brisbane form a pair.
• Airport‑operator companies for Sydney (Kingsford‑Smith) and Perth form a pair.
• There is a 15% limit on the cross‑ownership of paired companies.
• The Minister may declare a person to have practical control of an airport‑operator company.
• If the person covered by the declaration has practical control of, or a stake of more than 15% in, each of the members of a pair, the person must take steps to ensure that there is at least one member of the pair where the person does not have:
a stake of more than 15%; or
practical control.
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