Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 23

Restriction on acquisition of airport lease

  (1)   A person must not acquire an airport lease, or an interest in an airport lease, unless:

  (a)   the person is a qualified company; or

  (b)   the acquisition is by way of the enforcement of a loan security and the person is a constitutional corporation.

  (2)   If a purported acquisition contravenes this section, it is of no effect.



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