50
CurrentMeaning of unacceptable cross‑ownership situation
Part 3Restrictions on ownership of airport‑operator companies
Division 5Limits on cross‑ownership of pairs of airport‑operator companies
Subdivision C15% limit on cross‑ownership
50 Meaning of unacceptable cross‑ownership situation
For the purposes of this Act, an unacceptable cross‑ownership situation exists in relation to a pair of airport‑operator companies (the first company and the second company) and in relation to a particular person if:
(a)
the person holds a particular type of stake in the first company of more than 15%; and
(b)
the person holds any type of stake in the second company of more than 15%.
Note:
A person’s stake includes the interests of the person’s associates—see the Schedule.
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.