Document ID: chunk:federal_register_of_legislation:C2024C00680:section:48
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 48
Character Range: 72290–73227

48  Simplified outline
  The following is a simplified outline of this Division:

         • Airport‑operator companies for Sydney (Kingsford‑Smith) and Melbourne form a pair.
         • Airport‑operator companies for Sydney (Kingsford‑Smith) and Brisbane form a pair.
         • Airport‑operator companies for Sydney (Kingsford‑Smith) and Perth form a pair.
         • There is a 15% limit on the cross‑ownership of paired companies.
         • The Minister may declare a person to have practical control of an airport‑operator company.
         • If the person covered by the declaration has practical control of, or a stake of more than 15% in, each of the members of a pair, the person must take steps to ensure that there is at least one member of the pair where the person does not have:

                (a) a stake of more than 15%; or
                (b) practical control.

Subdivision B—Pairs of airport‑operator companies