•   Airport land and certain other assets and liabilities will be transferred from the FAC to the Commonwealth.

•   If airport land is transferred to the Commonwealth, the airport will cease to be a Federal airport for the purposes of the Federal Airports Corporation Act 1986 .

•   Land transfers may be registered by State/Territory land registration officials.

•   If the Commonwealth has a lease of any transferred land, the Commonwealth's interest under the lease does not merge in the greater estate or interest that becomes vested in the Commonwealth under this Part.

•   The Lands Acquisition Act 1989 does not apply to anything done under this Part.