s 52
In forceCompliance by airport‑operator companies
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
52 Compliance by airport‑operator companies
(1)
A member of a pair of airport‑operator companies must take all reasonable steps to ensure that an unacceptable cross‑ownership situation does not exist in relation to that pair.
(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.
(3)
Strict liability applies to paragraph (2)(a).
Note:
For strict liability, see section 6.1 of the Criminal Code.
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