Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AIRPORTS ACT 1996 No. 42, 1996 - SECT 25

25 No transfer of lease if Part 3 contravened 
The Minister must not approve the transfer of 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 transfer; or

   (b)  an unacceptable airline-ownership situation in relation to the company
        would come into existence in the event of the transfer; or

   (c)  both:

        (i)    the company would become a member of a pair of airport-operator
               companies in the event of the transfer; and

        (ii)   an unacceptable cross-ownership situation in relation to the
               pair would come into existence in the event of the transfer.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback