4Simplified outline

#### 4 Simplified outline The following is a simplified outline of this Act: • This Act sets up a system for regulating airports. • A Commonwealth‑owned airport can only be leased to a company. The company is called an airport‑lessee company. • There will only be one airport‑lessee company for each airport and the company will not be allowed to lease another airport. • An airport‑lessee company’s sole business will be to run the airport. • An airport‑lessee company can contract out the management of the airport to another company. The other company is called an airport‑management company. • This Act uses the term airport‑operator company to cover both airport‑lessee companies and airport‑management companies. • Airport‑operator companies are subject to the following ownership restrictions: (a) a 49% limit on foreign ownership; (b) a 5% limit on airline ownership for certain airports; (c) a 15% limit on cross‑ownership for Sydney (Kingsford‑Smith)/Melbourne, Sydney (Kingsford‑Smith)/Brisbane and Sydney (Kingsford‑Smith)/Perth airports. • For each airport, there will be an airport master plan. • Major development plans will be required for significant developments at airports. • Building activities on airport sites will require approval. • Buildings and structures on airport sites must be certified as complying with the regulations. • For each airport, there will be an environment strategy. • The regulations may deal with environmental standards at airport sites. • An airport‑operator company may be required to give accounts and reports to the Australian Competition and Consumer Commission. • The regulations may require the Australian Competition and Consumer Commission to monitor the quality of certain aspects of airport services and facilities. • Airport‑lessee companies must give written consent before airport sites are varied or closed. • The regulations may implement certain international agreements relating to airports. • The regulations may deal with the control of the following matters at airports: (a) liquor; (b) commercial trading; (c) vehicle movements; (d) gambling; (e) smoking. • The regulations may control intrusions into prescribed airspace around airports. • The Minister may formulate demand management schemes for airports. • Air traffic services, and aerodrome rescue and fire fighting services, must not be provided at airports without the approval of the Civil Aviation Safety Authority.