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Qantas Sale Amendment (Still Call Australia Home) Bill 2011

Schedule 1 Amendments

   

Qantas Sale Act 1992

1  Subsection 3(1)

Insert:

associated entity has the same meaning as in the Corporations Act 2001 .

2  Paragraph 7(1)(h)

Omit “(for example, facilities for the maintenance and housing of aircraft, catering, flight operations, training and administration)”.

3  After paragraph 7(1)(h)

Insert:

                   (ha)  require that Qantas ensure that, of the facilities, taken in aggregate, which are used by Qantas subsidiaries and any associated entities in the provision of scheduled international air transport services, the facilities located in Australia, when compared with those located in any other country, must represent the principal operational centre for the subsidiary or associated entity; and

                   (hb)  require that the majority of heavy maintenance of aircraft and the majority of flight operations and training conducted by, or on behalf of, Qantas is conducted in Australia; and

                   (hc)  require that the majority of heavy maintenance of aircraft and the majority of flight operations and training conducted by, or on behalf of, Qantas subsidiaries and any associated entities is conducted in Australia; and

4  After paragraph 7(1)(i)

Insert:

                    (ia)  require that at least one of the directors of Qantas has a minimum of 5 years’ professional flight operations experience; and

                    (ib)  require that at least one of the directors of Qantas has a minimum of 5 years’ aircraft engineering experience; and

5  Subsection 10(1)

After “application of the Minister,”, insert “100 shareholder members or shareholder members who hold at least 5% of the shares in Qantas,”.

6  Subsection 10(2)

After “application of the Minister,”, insert “100 shareholder members or shareholder members who hold at least 5% of the shares in Qantas,”.