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Old 6th Nov 2011, 09:52
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MR WOBBLES
 
Join Date: Aug 2007
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what part of the sale act is so hard to understand

QANTAS SALE ACT 1992 - SECT 7 Qantas' articles of association to include certain provisions


(e) prohibit Qantas from taking any action to bring about a change of its company name to a name that does not include the expression "Qantas"; and

(f) prohibit Qantas from conducting scheduled international air transport passenger services under a name other than:

(i) its company name; or

(ii) a registered business name that includes the expression "Qantas"; and

(g) require that the head office of Qantas always be located in Australia; and

(h) require that of the facilities, taken in aggregate, which are used by Qantas in the provision of scheduled international air transport services (for example, facilities for the maintenance and housing of aircraft, catering, flight operations, training and administration), the facilities located in Australia, when compared with those located in any other country, must represent the principal operational centre for Qantas; and

(i) require that, at all times, at least two-thirds of the directors of Qantas are to be Australian citizens; and

(j) require that, at a meeting of the board of directors of Qantas, the director presiding at the meeting (however described) must be an Australian citizen; and

(k) prohibit Qantas, at all times, from taking any action to become incorporated outside Australia.
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