Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Commonwealth must not grant an airport lease to a company if the Minister is satisfied that:
(a) an unacceptable foreign‑ownership situation in relation to the company would come into existence in the event of the grant; or
(b) an unacceptable airline‑ownership situation in relation to the company would come into existence in the event of the grant; or
(c) both:
(i) the company would become a member of a pair of airport‑operator companies in the event of the grant; and
(ii) an unacceptable cross‑ownership situation in relation to the pair would come into existence in the event of the grant.
(2) If a purported grant contravenes this section, it is of no effect.
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