•   The Commonwealth will grant an airport lease to a company. The company is called an airport - lessee company .

•   Immediately after the grant of the airport lease, the Commonwealth may transfer or lease certain assets to the airport - lessee company.

•   The Commonwealth may transfer certain contracts and liabilities to the airport - lessee company.

•   Airport leases are granted subject to existing leases and other interests.

•   The existence of this Act may be noted on title registers.

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