Commonwealth Consolidated Acts

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AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 21

Commonwealth may grant airport lease to a Commonwealth - owned company

  (1)   The Commonwealth may grant an airport lease under this section.

  (2)   The Commonwealth must not grant an airport lease under this section unless the lessee is a company all of whose shares are beneficially owned by the Commonwealth.

  (3)   If a purported lease contravenes subsection   ( 2), it is of no effect.

Note:   In addition to the requirements of subsection   ( 2), a grant must comply with the rules in Part   2 of the Airports Act 1996 .


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