It would, however, get around the foreign investment cap.
Please explain How????
The Act is very clear in this regard of foreign ownership. It doesn't matter if domestic and international are now defined as separate entities they are still traded under the banner of Qantas PTY LTD so foreign ownership under the act still applies.
There is a BS belief that because Virgin domestically can have full foreign ownership that if Joyce magically separates the two and wants to flog off domestic the same would apply. this is simply not the case. The act covers this to avoid it happening, it also covers Qantas changing it's name to do the same as well.
It's not rocket science, simply download the Doc and have a read, it's only 55 pages thick, bit like the Jetstar ops manual!
