Commonwealth Consolidated Regulations

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AIRPORTS (OWNERSHIP) REGULATIONS 2024 - REG 17

Australian associates of a foreign person--avoidance of double counting

  (1)   This section applies to an interest in a share if the interest - holder, although an associate of one or more persons in a group to which subclause   11(3) of the Schedule to the Act applies, is not a person in the group.

Prescribed interest

  (2)   The interest is an interest of a prescribed kind if, after being counted once for the ownership provisions in determining the total of the stakes of a particular type that the group holds in an airport - operator company, the interest would, except for the operation of this section, be counted again for that purpose.

Prescribed person

  (3)   The interest - holder mentioned in subsection   (1) is a prescribed person if the interest - holder is not a foreign person.



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