s 59
In forceMajority of directors must be Australian citizens or Australian residents
Part 3Restrictions on ownership of airport‑operator companies
Division 6Head office of airport‑operator company and citizenship/residency of directors of airport‑operator company
59 Majority of directors must be Australian citizens or Australian residents
(1)
An airport‑operator company must ensure that a majority of its directors are:
(a)
Australian citizens; or
(b)
foreign citizens ordinarily resident in Australia.
(2)
A contravention of subsection (1) is not an offence. However, a contravention of subsection (1) is a ground for obtaining an injunction under Part 15.
(3)
A contravention of subsection (1) does not affect the validity of any transaction.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.