The Statement of Intent (SOI) is prepared by the board of directors of Queenstown Airport Corporation Limited (QAC) for its shareholders in accordance with Section 64(1) of the Local Government Act 2002.
QAC is a council-controlled trading organisation (CCTO) for the purposes of the Local Government Act 2002. The company is owned by one majority and one minority shareholder:
75.01% by the Queenstown Lakes District Council (QLDC)
24.99% by Auckland International Airport Limited (AIAL)
The SOI is a public and legally required document. It is agreed annually in consultation with shareholders and covers a three-year timeframe.