Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of paragraph 60(1)(b) of the Act, an airport - operator company must give the Minister written notice as soon as reasonably practicable after it has reason to believe that:
(a) one or more of the following situations exist in relation to the company:
(i) an unacceptable foreign - ownership situation;
(ii) an unacceptable airline - ownership situation;
(iii) an unacceptable cross - ownership situation; or
(b) the central management and control of the company is no longer being ordinarily exercised at a place in Australia; or
(c) a majority of the company's directors are neither Australian citizens nor foreign citizens ordinarily resident in Australia.
(2) The notice must include the following information:
(a) the circumstance mentioned in paragraph (1)(a), (b) or (c) that the airport - operator company believes exists;
(b) the reason for the belief;
(c) the steps taken, or intended to be taken, by the airport - operator company to determine whether, in fact, the circumstance does exist;
(d) the steps intended to be taken by the company to remedy the circumstance, if that circumstance does exist.
Note: An airport - operator company may commit an offence if it does not give information to the Minister as required by this section (see subsection 60(4) of the Act).