ANNOUNCEMENT 08 Aug 2014In August 2014, the government of Australia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Qantas Sale Amendment Act
On 8 August 2014, the Australian government issued the Qantas Sale Amendment Act lifting the ownership restriction by a single foreign investor of 25% and the ownership restriction by foreign airlines of 35%.
Nevertheless, foreign entities may still not own more than 49% of the airline company.
The amendment came into force on 28 August 2014.