Commonwealth Numbered Acts

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AIRPORTS ACT 1996 No. 42, 1996 - SECT 21

21 No grant of lease if Part 3 contravened

(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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