Airports (Ownership — Interests in Shares) Amendment Regulations 2001 (No. 2) (Cth)

Airports (Ownership — Interests in Shares) Amendment Regulations 2001 (No. 2)1

Statutory Rules 2001 No. 3472

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Airports Act 1996.

Dated 20 December 2001

PETER HOLLINGWORTH

Governor-General

By His Excellency’s Command

JOHN ANDERSON

Minister for Transport and Regional Services

1Name of Regulations

 These Regulations are the Airports (Ownership — Interests in Shares) Amendment Regulations 2001 (No. 2).

2Commencement

 These Regulations commence on gazettal.

3Amendment of Airports (Ownership — Interests in Shares) Regulations 1996

Schedule 1 amends the Airports (Ownership — Interests in Shares) Regulations 1996.

Schedule 1Amendment

(regulation 3)

  

[1]After regulation 10

insert

10AAAirlines holding stakes in certain airport-operator companies

• (1)

  For paragraph 9 (1) (c) of the Schedule to the Act, a person’s interest in a share is prescribed if the result of the person’s holding the interest is that an airline has a stake in the airport-operator company for Essendon, Archerfield, Moorabbin, Parafield or Jandakot Airport.

Note   The effect of disregarding those interests is that the limitations on ownership by airlines do not apply to the 5 airports mentioned.

• (2)

  For that paragraph, the owner of the share is prescribed.

Notes

1. These Regulations amend Statutory Rules 1996 No. 341, as amended by 2001 No. 92.

2. Notified in the Commonwealth of Australia Gazette