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Tuesday, 22 May 2001
Page: 26741

Mr Murphy asked the Minister for Finance and Administration, upon notice, on 6 February 2001:

(1) Will he outline the Government's process to be followed concerning the proposed sale of Sydney (Kingsford-Smith) Airport (KSA).

(2) By what date would the Government prefer KSA to be sold.

(3) Is he aware of the corporate structure of Westralia Airports Corporation Pty Limited.

(4) Is it permissible for those persons who hold an equity interest in (a) Westralia Airports Corporation Pty Limited, (b) Airstralia Development Group, (c) Airport Group International Holdings or (d) any other airport-lessee and airport-management company in Australia to hold equity interest in another airport-lessee or airport-management company in Australia.

(5) Subject to the provisions contained in the Airports Act, is it possible for a person holding an equity interest in an airport-lessee or airport-management company to also hold an equity interest in another airport-lessee or airport-management company.

(6) Is an airport-lessee or airport-management company eligible to sell shares in those companies on the Australian Stock Exchange.

Mr Costello (Treasurer) —The Acting Minister for Finance and Administration has supplied the following answer to the honourable member's question:

(1) The Government has announced that Sydney (Kingsford Smith) Airport will be sold by way of a 100% trade sale. The press release announcing the sale is attached.

(2) By the second half of 2001.

(3) No.

(4) (5) and (6) The Airports Act 1996 contains provisions relating to the ownership restrictions applicable to airport operator companies, which covers both airport lessee and airport management companies. The Minister for Transport and Regional Services is the responsible Minister.