Commonwealth Consolidated Acts

AIRPORTS ACT 1996 - SECT 24

  (1)   An airport lease must not be transferred without the written approval of the Minister.

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

  (3)   The Minister may only refuse to approve the transfer of an airport lease:

  (a)   on a ground specified in the regulations; or

  (b)   on the grounds set out in subsection   14(3); or

  (c)   the grounds set out in subsection   16(2); or

  (da)   on the grounds set out in subsection   19(1A); or

  (e)   on the grounds set out in section   25.

  (4)   This section does not apply to a transfer by way of the enforcement of a loan security.