@Short Circuit
Just heard on 2GB that Qantas is to announce tomorrow, Emirates is to buy 25% of Qantas Domestic... now how is that possible with the foreign ownership rule.?
It is possible, because in the QANTAS Sale Act, a maximum of 49% foreign ownership is permissable, but with a maximum of 25% owned by one company. BA owned 25% of QANTAS when QANTAS was floated way back in '95.
Unless QANTAS Domestic is going to be listed seperately on the stock exchange, without breaching any ASX rules, I can't see how anyone can own 25% of QANTAS Domestic. Maybe 25% of QANTAS Group as a whole. Watch this space.