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Section 50 - Airports Act 1996 - Meaning of unacceptable cross‑ownership situation — Zoe

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Airports Act 1996

50Meaning of unacceptable cross‑ownership situation

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#### 50 Meaning of unacceptable cross‑ownership situation For the purposes of this Act, an unacceptable cross‑ownership situation exists in relation to a pair of airport‑operator companies (the first company and the second company) and in relation to a particular person if: (a) the person holds a particular type of stake in the first company of more than 15%; and (b) the person holds any type of stake in the second company of more than 15%. > Note: A person’s stake includes the interests of the person’s associates—see the Schedule.

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