Document ID: chunk:federal_register_of_legislation:F2024C00969:reg:17
Version: federal_register_of_legislation:F2024C00969
Segment Type: reg
Provision Reference: reg 17
Character Range: 18492–19277

17  Australian associates of a foreign person—avoidance of double counting
 (1) This section applies to an interest in a share if the interest‑holder, although an associate of one or more persons in a group to which subclause 11(3) of the Schedule to the Act applies, is not a person in the group.

Prescribed interest
 (2) The interest is an interest of a prescribed kind if, after being counted once for the ownership provisions in determining the total of the stakes of a particular type that the group holds in an airport‑operator company, the interest would, except for the operation of this section, be counted again for that purpose.

Prescribed person
 (3) The interest‑holder mentioned in subsection (1) is a prescribed person if the interest‑holder is not a foreign person.