Hong Kong Regulations

AIRPORT AUTHORITY (PERMITTED AIRPORT-RELATED ACTIVITIES) ORDER - SECT 5

Approval of Financial Secretary

(1) The Authority shall obtain the approval of the Financial Secretary before
undertaking to engage in any permitted airport-related activity specified in
section 1, 2 or 3 of the Schedule in respect of an airport if the aggregate
of-

   (a)  the amount of consideration payable by the Authority pursuant to such
        activity; and

   (b)  where the Authority is engaging in or has undertaken to engage in any
        other permitted airport-related activities specified in section 1, 2
        or 3 of the Schedule in respect of the same airport, the amounts of
        consideration paid or payable by the Authority pursuant to such
        activities exceeds 2.5% of the issued share capital of the Authority.

(2) After engaging in an activity approved by the Financial Secretary under
subsection (1), the Authority shall ensure that a report of the activity is
laid, as soon as practicable, on the table of the Legislative Council. (L.N.
152 of 2002)