delete Airports (Ownership — Interests in Shares) Amendment Regulations 2002 (No. 1)
Amends regulations governing foreign ownership of Australian airports, setting limits on interests in shares held by non-Australian entities to safeguard national control of critical infrastructure.
Foreign ownership restrictions artificially limit capital inflows, reduce competitive pressure, and inflate costs for airport infrastructure. They protect incumbents at the expense of consumers and economic efficiency. The national security rationale is weak and can be addressed via targeted, transparent screening rather than blanket ownership caps. Unseen costs include foregone investment, higher passenger fees, and slower infrastructure upgrades.