Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 27

Beneficial interest in airport lease must not be transferred independently of legal interest

  (1)   A beneficial interest in an airport lease must not be transferred independently of the legal interest in the lease.

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

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



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