Commonwealth Consolidated Acts

AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 36

  (1)   This section applies in relation to an airport - lessee company during the period:

  (a)   beginning when the company was granted an airport lease under section   21; and

  (b)   ending at the company's sale time.

  (2)   The Finance Minister may determine in writing that the FAC should be paid a specified amount of capital. The determination must specify a company as the nominated company in relation to the payment.

  (3)   The Finance Minister may authorise the payment by the Commonwealth to the FAC of the amount specified under subsection   ( 2).

  (4)   If, because of subsection   ( 2), an amount (the capital amount ) is payable to the FAC, the Finance Minister may determine in writing that the FAC must pay a specified amount to the Commonwealth, so long as the specified amount does not exceed the capital amount.

  (5)   The amount payable because of subsection   ( 2) may be set - off against the amount payable under subsection   ( 4).

  (6)   The amount payable under subsection   ( 4) is payable by way of return of capital to the Commonwealth.