Document ID: chunk:federal_register_of_legislation:C2024C00680:section:51
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 51
Character Range: 75941–76852

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.