Document ID: chunk:federal_register_of_legislation:C2024C00680:section:44
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 44
Character Range: 68675–69311

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.