ExpansionIn 2002, the Australian Government sold Sydney Airports Corporation Limited (later renamed Sydney Airport Corporation Limited, SACL), the management authority for the airport, to Southern Cross Airports Corporation Holdings Ltd. 82.93 per cent of SACL is owned by MAp Airports International Limited, a subsidiary of Macquarie Bank, Sydney Airport Intervest GmbH own 12.11 per cent and Ontario Teachers' Australia Trust own 4.96 per cent.[19] SACL holds a 99-year lease on the airport which remains Crown land.
Since the international terminal's original completion, it has undergone two large expansions. One such expansion is underway and will stretch over twenty years (2005–25). This will include an additional high-rise office block, the construction of a multi-level car park, the expansion of both international and domestic terminals. These expansions—and other plans and policies by Macquarie Bank for airport operations—are seen as controversial, as they are performed without the legal oversight of local councils, which usually act as the local planning authority for such developments. As of April 2006, some of the proposed development has been scaled back.