Document ID: chunk:federal_register_of_legislation:C2024C00680:section:59
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 59
Character Range: 85658–86202

59  Majority of directors must be Australian citizens or Australian residents
 (1) An airport‑operator company must ensure that a majority of its directors are:
 (a) Australian citizens; or
 (b) foreign citizens ordinarily resident in Australia.
 (2) A contravention of subsection (1) is not an offence. However, a contravention of subsection (1) is a ground for obtaining an injunction under Part 15.
 (3) A contravention of subsection (1) does not affect the validity of any transaction.

Division 7—Record‑keeping and giving of information