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Airports Act 1996
44Meaning of unacceptable airline‑ownership situation
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44 Meaning of unacceptable airline‑ownership situation
(1) For the purposes of this Act, an unacceptable airline‑ownership situation exists in relation to an airport‑operator company for an airport and in relation to a particular airline if the airline holds a particular type of stake in the company of more than 5%.
Note: A person’s stake includes the interests of the person’s associates—see the Schedule.
(2) The regulations may specify that subsection (1) does not apply to: (a) specified airports (not being core regulated airports); or (b) specified airports (not being core regulated airports) in specified circumstances.