04 June 2007

Qantas currently Australian owned and controlled

In an 8 May 2007 post I touched on the question of whether the Qantas Sale Act had been breached during the recent bid.

On 30 May 2007 Qantas issued a media statement advising that it "believed the level of foreign shareholding in the company was below the regulatory requirement of 49 per cent." It went on to say that Qantas was "working with lawyers and other advisers to investigate alternative methods of monitoring foreign shareholding in line with the requirements of the Qantas Sale Act."

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