CTHIn ForceAct
Airports Act 1996
25No transfer of lease if Part 3 contravened
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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.