Commonwealth Numbered Acts

FEDERAL AIRPORTS CORPORATION AMENDMENT ACT 1990 No. 26 of 1990 - SECT 7

7. Sections 10 and 11 of the Principal Act are repealed and the following
sections are substituted: Limitation on formation of companies etc.

"10. (1) The Corporation must not:

   (a)  join in the formation of a company that would, upon its formation, be
        a subsidiary of the Corporation; or

   (b)  subscribe for, or purchase, shares in a company if, on the Corporation
        becoming the holder of those shares, the company becomes a subsidiary
        of the Corporation; or

   (c)  otherwise acquire a major shareholding in a company; unless the
        Corporation has informed the Minister, in writing, of its intention to
        do so.

"(2) Where the Corporation holds a controlling interest in a company, the
Corporation must ensure that the company does not do anything that the
Corporation cannot do. Limitation on formation of partnerships

"11. (1) The Corporation must not enter into a partnership unless it has
informed the Minister, in writing, of its intention to do so.

"(2) Where the Corporation can control the acts and things done by a
partnership of which it is a member, it must ensure that the partnership does
not do anything that it cannot do.".