51Acquisitions of shares

51 Acquisitions of shares

If: (a) a person, or 2 or more persons under an arrangement, acquire shares in a company; and (b) the acquisition has the result, in relation to a particular pair of airport‑operator companies (the first company and the second company), that: (i) an unacceptable cross‑ownership situation comes into existence in relation to the pair and in relation to a person; or (ii) if an unacceptable cross‑ownership situation already exists in relation to the pair and in relation to a particular person—there is an increase in any type of stake held by the person in either the first company or the second company; and (c) the person or persons mentioned in paragraph (a) knew, or were reckless as to whether, the acquisition would have that result; the person or persons mentioned in paragraph (a) commit an offence punishable on conviction by a fine not exceeding 400 penalty units.